Inventory Ordering Rules for Secondary Naval Air Stations.
LOGISTICS MANAGEMENT INST WASHINGTON D C
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The report describes proposed features of an inventory system for secondary Naval Air Stations. These features include 1 exponentially smoothed demand forecasts with trend projections, 2 constrained economic order quantities, 3 use of actual lead time distributions, 4 an economic risk equation to determine the acceptable probability of stock-out, 5 variable safety stocks and reorder levels reflecting demand distributions and acceptable stock-out risk, 6 automatic override of insurance and minimum stock quantities based on demand, 7 partial grouping of interchangeable reparable items for demand forecasting and stock management, 8 economic transfer and retention level criteria, 9 quarterly summaries to provide management data, 10 projected economic inventory investment value, and 11 methods of constraining inventory levels to meet funds constraints. The system is designed for an 8000 core position computer. Author
- Administration and Management
- Logistics, Military Facilities and Supplies