LOW DEMAND INVENTORY MODELS.
BUREAU OF SUPPLIES AND ACCOUNTS NAVY DEPT WASHINGTON D C
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A set of detailed mathematical models is developed for items that are demanded one at a time at a low rate of demand say, up to ten per year. It is assumed that their is a long period of time during which the average demand does not vary substantially. Units of stock are ordered one at a time as demanded and are carried in a system consisting of depots which may accept demands for stock. The mathematical models provide a basis for determining 1 the optimum amount of stock for the system to carry, 2 the optimum number of carrying points for stock, 3 the best mode of transportation from the supplier to the carrying points, and 4 efficient rules for selecting the carrying point to receive an allocation from the suppliers and for determining redistributions between depots. Author