A multi-period repair parts inventory model for a Naval air rework facility
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Authors
Asselin, Andre S.
Subjects
NARP
Inventory
Inventory Model
MRP
Demand Distribution
Production schedule
Stock quantity
Binominal
Single period
Dual period
Multi period
Inventory
Inventory Model
MRP
Demand Distribution
Production schedule
Stock quantity
Binominal
Single period
Dual period
Multi period
Advisors
McMasters, Alan W.
Date of Issue
1983
Date
September 1983
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
A Ready Supply Store (RSS) containing repair parts which are anticipated to be used during the production process has been established to support the Naval Air Rework Facility O' C) (NARF). While this supporting inventory has previously been constructed using historical demand data, a single-period model and a two-period model have been proposed which compute stock levels based on quarterly production schedules. This thesis extends the use of the projected production information in calculating RSS inventory levels from two periods to multiple periods. The disadvantage of the single-period model is that it ignores information about future schedules. The multi-period model uses the information on future schedules to behave more optimally. The multi-period model shows significant differences in inventory levels over the single-period model as a result of the added information. The multi-period model is also easily programmed on a computer and is preferred over the single-period model.
Type
Thesis
Description
Series/Report No
Department
Administrative Sciences
Organization
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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.