Accession Number:

AD0738959

Title:

A Method for Predicting the Total Number of Parts Required to Rebuild a Given Lot of End Items,

Descriptive Note:

Corporate Author:

ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER

Personal Author(s):

Report Date:

1969-05-01

Pagination or Media Count:

50.0

Abstract:

The paper presents a prediction procedure by which the total number of parts needed to rebuild a specific lot of items can be forecast. The procedure uses exponential smoothing to weight the historical and incoming data in order to obtain a new estimate of the lot percent defective. The binomial distribution is used to find the probability of using a specific number of parts in rebuild of the items. The final decision as to the total number of parts to order for rebuild is optimized by use of a total cost equation, which includes costs of overforecasting as well as underforecasting the required number of parts. Author

Subject Categories:

  • Operations Research
  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE