An investigation of variable operating and safety level (VOSL) stocking and funding policy
Loading...
Authors
Lewis, Richard Earl
Perkins, Robert Darol
Subjects
VOSL
requisitions short
simulation
9-COG funding
requisitions short
simulation
9-COG funding
Advisors
Schrady, David A.
Date of Issue
1974-03
Date
March 1974
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
Control in the management of stocks of retail material
(DSA) at Navy stock points is exercised through a centrally
administered stocking policy model (VOSL) and funding
policy. The dynamic behavior of these controls operating on
a stock point was . investigated by computer simulation. The
simulation results indicate that under the most favorable
circumstances, the value of resupply orders directed by the
VOSL stocking model exceeded the grants made by the funding
policy. Under less favorable, more realistic conditions,
the difference between funding requirements and funding
grants is more marked and supply performance degrades very
significantly over time. The funding dilemma investigated
in this study is well known to Navy stock points and they
have devised various ways of attempting to deal with it.
Significantly, even in a climate of insufficient funding,
system stocking policies (VOSL) provide better performance
than locally devised policies.
Type
Thesis
Description
Series/Report No
Department
Operations Research and Administrative Sciences
Organization
Naval Postgraduate School (U.S.)
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.