A multi-period repair parts inventory model for a Naval air rework facility
Asselin, Andre S.
McMasters, Alan W.
MetadataShow full item record
A Ready Supply Store (RSS) containing repair parts which are anticipated to be used during the production process has been established to support the Naval Air Rework Facility O' C) (NARF). While this supporting inventory has previously been constructed using historical demand data, a single-period model and a two-period model have been proposed which compute stock levels based on quarterly production schedules. This thesis extends the use of the projected production information in calculating RSS inventory levels from two periods to multiple periods. The disadvantage of the single-period model is that it ignores information about future schedules. The multi-period model uses the information on future schedules to behave more optimally. The multi-period model shows significant differences in inventory levels over the single-period model as a result of the added information. The multi-period model is also easily programmed on a computer and is preferred over the single-period model.
RightsThis 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.
Showing items related by title, author, creator and subject.
Regnier, Eva (Informs, 2018);Many probability forecasts are revised as new information becomes available, generating a time series of forecasts for a single event. Although methods for evaluating probability forecasts have been extensively studied, ...
Hund, John J. (Monterey, California. Naval Postgraduate School, 1982-12);A Ready Supply Store (RSS) containing repair parts which are anticipated to be used during the production process has been established to support the Naval Air Rework Facility (NARF) . While this supporting inventory ...
Dowling, John Patrick, Jr. (Monterey, California; Naval Postgraduate School, 1970-09);The problem of analyzing decisions under risk is investigated. The vehicle for this investigation is the single-period inventory model commonly referred to as the "newsboy problem". The maximum expected value of the ...