A repairable item inventory system using dynamic programming and Markov processes

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Authors
Biggins, James Alfred
Subjects
Advisors
Richards, F.R.
Date of Issue
1971-09
Date
Publisher
Monterey, California ; Naval Postgraduate School
Language
en_US
Abstract
This thesis developed an analytical model of a repairable item inventory system. The system consisted of a depot that repaired failed units according to some repair policy and stocked ready-for-issue units in support of a finite number of customers. A least-cost repair policy and stock level was determined by use of a computer program which is included as an appendix.
Type
Thesis
Description
Series/Report No
Department
Operations Research
Organization
Naval Postgraduate School
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NPS Report Number
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Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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