Accession Number:

AD0702456

Title:

INVENTORY MODELS WITH A TYPE OF DEPENDENT DEMAND AND FORECASTING, WITH AN APPLICATION TO REPAIR,

Descriptive Note:

Corporate Author:

CENTER FOR NAVAL ANALYSES ARLINGTON VA

Report Date:

1970-02-10

Pagination or Media Count:

9.0

Abstract:

In general, the single-product inventory model in which demands in successive periods are not independent is difficult to treat. The paper defines a large class of such problems, when there is a positive lead time for delivery, which can be treated by the classical formulation with a single state variable. All results which hold for inventory models with a constant delivery lag can be shown to hold also for the model. An application is made to a system in which demands are generated by part failure and in which a portion of these failures are repaired after a given constant or probabilistic time. Author

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE