Analysis of an aggregate demand repairables model
Gormly, Richard B.
McMasters, Alan W.
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This thesis develops an aggregate demand inventory model for repairable items. It uses minimization of wholesale stock investment level as the objective function subject to a given mean supply response time (MSRT) goal. Also addressed are annual budget constraints encountered by Inventory Control Points (ICPs) as well as a constraint placed on the total wholesale investment level which is implied by ceilings on the Navy Stock Fund (NSF). Preliminary parametric analyses of the model showed that the wholesale stock investment levels increase at a decreasing rate as repair induction batch sizes are increased and attainable MSRT values decrease exponentially as investment levels increase.
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