Solution techniques for wholesale provisioning of replacement parts
Goulding, William A.
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The purpose of this thesis is to present solution techniques for provisioning problems arising in the Navy's wholesale purchase of replacement parts. The objective is to minimize the Mean Supply Response Time (MSRT) subject to a budget constraint. The problem can be formulated as a Dynamic Program (DP), however, it is too large and complex for a standard recursive dynamic approach. Conseguently, a variation of the normal DP approach was developed that significantly reduces the required computations. An existing DP computer program was modified to implement this DP variation. The result is a usable approach considering speed and ease of manipulation.
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