Accession Number : AD0479603


Title :   INVENTORY CONTROL SIMULATION WITH PROBABILISTIC DEMAND GENERATORS.


Descriptive Note : Master's thesis,


Corporate Author : NAVAL POSTGRADUATE SCHOOL MONTEREY CA


Personal Author(s) : Maynard, Frank T


Report Date : Jan 1964


Pagination or Media Count : 32


Abstract : The inventory control problem is examined. A FORTRAN program is developed, which evaluates the performance os an inventory against simulated demands derived from generators according to Poisson, negative binominal, and normal probability laws. The program is tested using data obtained from an actual inventory control point and four sets of simple decision rules. The results indicate that simulation is a good way to test decision rules and to demonstrate the results of arbitrary restraints such as budgetary restrictions. (Author)


Descriptors :   *INVENTORY CONTROL , NAVAL BUDGETS , INVENTORY ANALYSIS , SIMULATION , COMPUTER PROGRAMMING , PROGRAMMING LANGUAGES , PROBABILITY , SAMPLING , STATISTICAL PROCESSES , NAVAL PROCUREMENT , CORRELATION TECHNIQUES , MATHEMATICAL PROGRAMMING , BINOMIALS , DECISION THEORY , MANAGEMENT PLANNING AND CONTROL , MANAGEMENT ENGINEERING


Subject Categories : Administration and Management
      Logistics, Military Facilities and Supplies


Distribution Statement : APPROVED FOR PUBLIC RELEASE