Accession Number : AD0763202

Title :   A Model for Scheduling Physical Inventories,

Corporate Author : FRANKFORD ARSENAL PHILADELPHIA PA INVENTORY RESEARCH OFFICE

Personal Author(s) : Kaplan,Alan ; Orr,Donald

Report Date : APR 1973

Pagination or Media Count : 29

Abstract : In the inventory control of many supply systems (e.g., that of US Army Materiel Command) decisions as to when to reorder, dispose of inventory or backorder demands are based on recorded values of inventory levels which may be inaccurate relative to physical assets. If they are, incorrect or non-optimal decisions will be made. Record error is controlled by taking inventory. The problem investigated is to find cost effective policies for scheduling inventories which minimize the sum of the cost of taking inventories plus the costs incurred due to error occurring between inventories. A method is presented which quantifies these cost increases due to error, or penalty costs, given an error growth process which depends on item demand. (Author)

Descriptors :   (*ARMY EQUIPMENT, INVENTORY CONTROL), (*INVENTORY CONTROL, *SCHEDULING), DECISION MAKING, COST EFFECTIVENESS, ERRORS, MATHEMATICAL MODELS

Subject Categories : Operations Research
      Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE