An investigation of variable operating and safety level (VOSL) stocking and funding policy
Lewis, Richard Earl
Perkins, Robert Darol
Schrady, David A.
Richards, F. Russell
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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.
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