A stochastic model of a repairable item inventory system
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Authors
Richards, Francis Russell
Subjects
Advisors
Date of Issue
1972-12
Date
1972-12
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
An inventory system for repairable items is studied. A stochastic model which cooridnates procurement and repair decisions is developed. Special attention is paid to modeling the repairable item system so that the results derived in this report are applicable for Navy inventory management. Long-run distributions for both the ready-for-issue and the non-ready-for-issue stock and many useful measures of performance are determined. Uses of the information to analyze the critical factors in a repairable item system and to determine optimal values of the parameters are pointed out. Numerical examples of the calculations of the measures of effectiveness are presented. Finally, modifications of the model to include the zero attrition case and consumable items are pointed out. (Author)
Type
Technical Report
Description
Series/Report No
Department
Identifiers
NPS Report Number
NPS55RH72121A
Sponsors
supported by the Research and Development Division,
Naval Supply Systems Command, under NAVSUP RDT&E No. TF 38.531.001
Funder
Format
Citation
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.