Accession Number : AD0767689

Title :   Analytical Models for SERVMART Inventory Control,

Descriptive Note : Technical rept.,

Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF

Personal Author(s) : Richards,F. Russell ; Atkinson,Larry R.

Report Date : JUN 1973

Pagination or Media Count : 48

Abstract : Inventory policies for the control of items carried by the Naval Supply Centers at their retail self-service stores (SERVMARTS) are developed. The reorder-level, reorder-quantity procedures minimize ordering, holding and stockout costs subject to constraints on inventory investment and stockout risk. Examples are presented for random samples from three SERVMARTS in the San Diego area and comparisons are made with two policies presently in use. The comparisons show a large reduction in the number of orders placed per year with a reduction in total system costs. Also included are recommended procedures for determining both the budget for inventory investment and the range of items carried at the SERVMARTS. (Author)

Descriptors :   (*INVENTORY CONTROL, SUPPLY DEPOTS), INVENTORY CONTROL, COSTS, COMPUTER PROGRAMS, MATHEMATICAL MODELS, LEAD TIME, NAVAL PROCUREMENT

Subject Categories : Logistics, Military Facilities and Supplies

Distribution Statement : APPROVED FOR PUBLIC RELEASE