An analysis of SERVMART inventory control policies
Atkinson, Larry Richard
Richards, Russell F.
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An investigation is made of possible inventory control policies for Navy supply system SERVMARTS (Self Service Retail Stores). Three mathematical models of the system are developed and a comparison of the solutions of these models with three current inventory control methods as applied to SERVMART demand data is presented. Based on this comparison, a stochastic, lost sales model is recommended and procedures for its implementation are discussed.
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