Accession Number:

AD0711002

Title:

ANALYSIS OF INVENTORY RECORD ACCURACY.

Descriptive Note:

Technical rept.,

Corporate Author:

NAVAL POSTGRADUATE SCHOOL MONTEREY CA

Personal Author(s):

• Schrady, David A.
• Free, W. Dean

Report Date:

1970-07-01

Pagination or Media Count:

76.0

Abstract:

The inventory record accuracy problem was studied using a complex simulation model of stock point supply operations. Complete item and error data were obtained from various sources within the Navy Supply System. The experiments related the presence of stock record errors to supply operations, in terms of quantified measures, and in an environment of imperfect receipt and issue processing, and physical inventories, supply effectiveness was tested against record accuracy. A rational criterion for determining the optimal physical inventory policy was developed. Author

Descriptors:

• *INVENTORY
• ACCURACY
• MATHEMATICAL MODELS
• SIMULATION
• STATISTICAL DATA
• CORRELATION TECHNIQUES
• ANALYSIS OF VARIANCE
• PROBABILITY DENSITY FUNCTIONS
• COMPUTER PROGRAMMING
• CONTROL SYSTEMS
• REGRESSION ANALYSIS
• LOGISTICS
• MANAGEMENT PLANNING AND CONTROL

Subject Categories:

• Logistics, Military Facilities and Supplies
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE