INSURANCE ITEMS STOCKAGE POLICIES.
ARMY LOGISTICS MANAGEMENT CENTER FORT LEE VA
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Insurance items are items which are expected to fail infrequently, if at all. However, due to their high essentiality and long lead times a few spares are desired. A method of computing numerical stockage objectives is devised based on the method used for regular stocked items. However, the mean and variance of the demand distribution are initially developed from demand histories of all items considered insurance items two years ago. An updating procedure is employed which will give more weight to the individual items history as such data are obtained. Author
- Administration and Management
- Logistics, Military Facilities and Supplies