Solution of a Multi-Echelon Inventory Model with Possible Item Repair.
NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF
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The thesis describes briefly the scope and nature of multi-echelon inventory systems where item repair is possible at the various levels. A model is created which describes many commonly encountered real world systems. Sets of non-comparable and comparable costs are specified and a cost-effectiveness approach to the solution of the model is outlined. A nonlinear program is developed where the expected sum of comparable costs is minimized subject to a given level of fill rate effectiveness provided by the lower level stocking points to their customers. Several remarks are then made to indicate possible solution procedures for the program and characteristics and uses for the cost-effectiveness alternatives developed.
- Administration and Management
- Logistics, Military Facilities and Supplies