Minimizing expected shortages in a multi-item inventory system
Abstract
A formulation is given for minimizing the expected total number of shortages in a multi-item inventory system under a continuous review policy. The variable reorder levels and order quantities must be set to meet constraints on the average expected investment in on hand inventory and on the expected number of orders placed per unit time. Several approaches to the problem are presented. (Author) A formulation is given for minimizing the expected total
number of shortages in a multi-item inventory system under a continuous
review policy. The variable reorder levels and order
quantities must be set to meet constraints on the average expected
investment in on hand inventory and on the expected number of orders
placed per unit time. Several approaches to the problem are
presented.
Rights
This 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.NPS Report Number
NPS55HK71011ARelated items
Showing items related by title, author, creator and subject.
-
A marginal analysis for minimizing shortage in a multi-item inventory system with a constraint for a single period
Park, Hwa Jin. (Monterey, California. Naval Postgraduate School, 1988);This thesis addresses the problem of determining the optimal number of spares in a multi-item inventory system with a procurement budget constraint for a specific period. In war time, expected shortages of spares is an ... -
Missioning with minimal Delayed Entry Program (DEP) loss
Burris, Bryan D. (Monterey, California. Naval Postgraduate School, 1993-09);This thesis addresses the missioning problem which is to determine the number of individuals to be recruited or contracted each month by Army recruiters. After signing the contracts, these individuals are enrolled in the ... -
A Media Allocation Model for Psychological Operations.
Lanigan, John Dennis (Monterey, California. Naval Postgraduate School, 1968-06);This thesis demonstrates the formulation and use of a "goal programming" model in optimizing the allocation of media for psychological operations. The parallels between advertising and psychological operations are ...