Accession Number : ADA136792

Title :   Analysis of Inventory Models with Budget Constraint.

Descriptive Note : Master's thesis,


Personal Author(s) : Kang,S J

PDF Url : ADA136792

Report Date : Sep 1983

Pagination or Media Count : 76

Abstract : This thesis addresses the problem of determining the optimal number of spares for a multi-item inventory system with a procurement budget constraint. Various inventory models are considered with objective functions like time-weighted units short, units short, essentiality-weighted units short and pseudo-availability. Solution algorithms are derived using the generalized Lagrange multiplier approach and a marginal analysis approach. Sample data and output results are provided and comparisons of the alternative models are given. Finally, a discussion and example is given of the use of the models as a means of estimating the budget required to attain a specified level of performance. (Author)

Descriptors :   *Inventory analysis, *Inventory control, *Spare parts, *Procurement, *Costs, Optimization, Models, Availability, Allocations, Financial management, Automation, Searching, Lagrangian functions, Multiplication, Cost estimates, Computer programs, Computer applications, Cost effectiveness, Poisson density functions, Numerical analysis, Stochastic processes, Theses

Subject Categories : Administration and Management

Distribution Statement : APPROVED FOR PUBLIC RELEASE