Accession Number:

AD0636955

Title:

PROCUREMENT AND MANAGEMENT OF SPARES

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CA

Personal Author(s):

Report Date:

1966-07-01

Pagination or Media Count:

39.0

Abstract:

The discussion concerns the rules for deciding which inventory levels are optimal or preferred at the various stockage points in a system. The focus is dictated by the key role played by stockage decisions in a material system. Stockage policy has a pervasive, if implicit, control over the systems operating costs It determines the level of investment and the frequency of shortages, of requisitions, of new procurements, and of repair actions. The survey is broken down into three parts 1 a discussion of the main choices in modeling logistics inventory systems and the interpretation of of inventory models and their results 2 a review of some inventory models representing basic analytic approaches that should have had -- or can be expected to have -- the largest role in application to logistics systems and 3 a presentation of several special topics of importance to the study of spares management.

Subject Categories:

  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE