Analysis of inventory models with budget constraint.
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Authors
Kang, Sung Jin
Subjects
units short
time-weighted units short
availability
lagrangian multiplier search
marginal analysis
time-weighted units short
availability
lagrangian multiplier search
marginal analysis
Advisors
Richards, F.R.
Date of Issue
1983-09
Date
September 1983
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
This thesis addresses the problem of determining the
optimal number of spares for a multi-item inventory system
with a procurement budget constraint. Various inventory
models are considered with objective functions like time-weighted
units short, units short, essentiality -weigh ted
units short and pseudo-availability. Solution algorithms
are derived using the generalized Lagrange multiplier
approach and a marginal analysis approach.
Sample data and output results are provided and comparisons
of the alternative models are given. Finally, a discussion
and example is given of the use of the models as
a means of estimating the budget required to attain a specified
level of performance.
Type
Thesis
Description
Series/Report No
Department
Operations Research
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
Copyright is reserved by the copyright owner