An analysis of the ships parts control center inventory model and a possible alternative model.
Lippert, Keith Wayne
Richards, F. Russell
McMasters, Alan W.
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The inventory model implemented is a sophisticated, stationary, continuous-review, constrained reorder-level, reorder-quantity model. In accordance with DOD Instruction 4140.39, the goal of this model is to minimize the total of variable inventory order and holding costs subject to a constraint on time-weighted, essentiality-weighted requisitions short. SPCC attempts to accomplish this goal by using various probability distributions to estimate demand during leadtime. The purpose of this thesis is to examine this existing model, to discuss the validity of its underlying assumptions when applied to a military supply system, to offer a possible alternative model using distribution free assumptions, and finally to evaluate the models.
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