Analytical models for SERVMART inventory control
Richards, Francis Russell
Atkinson, Larry Richard
MetadataShow full item record
Inventory policies for the control of items carried by the Naval Supply Centers at their retail self-service stores (SERVMARTS) are developed. The reorder-level, reorder-quantity procedures minimize ordering, holding and stockout costs subject to constraints on inventory investment and stockout risk. Examples are presented for random samples from three SERVMARTS in the San Diego area and comparisons are made with two policies presently in use. The comparisons show a large reduction in the number of orders placed per year with a reduction in total system costs. Also included are recommended procedures for determining both the budget for inventory investment and the range of items carried at the SERVMARTS
NPS Report NumberNPS55RH73061A
Showing items related by title, author, creator and subject.
Burch, Gerald F. (Monterey, California. Naval Postgraduate School, 2003-03);Management of the Naval integrated supply system depends on data to provide reliable information on the quantities of items in stock at any given time. Because of the high volume of transactions that continually alter data ...
Lilli, Charles M.; Husson, Charles R. (Monterey, California. Naval Postgraduate School, 1992-12);For several decades the U.S. Navy has used a set of specific mathematical inventory models to help wholesale item managers make management decisions concerning consumable items of material. Implicit in these models is the ...
Improving the Turkish Navy requirements determination process ban assessment of demand forecasting methods for weapon system items Unlu, Naim Teoman. (Monterey, California. Naval Postgraduate School, 2001-12);Requirements determination is the process the Inventory Control Center Command (ICCC) uses to forecast future customer demands and to set levels of inventory to satisfy those demands. Demand forecasting is the essence of ...