Analytical models for SERVMART inventory control
analyticalmodels00rich.pdf (2.256Mb)Abstract
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
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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
NPS55RH73061ARelated items
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