Accession Number:

AD0750427

Title:

Optimal Issuing Policies under Stochastic Field Lives,

Descriptive Note:

Corporate Author:

GEORGE WASHINGTON UNIV WASHINGTON D C PROGRAM IN LOGISTICS

Personal Author(s):

Report Date:

1972-08-18

Pagination or Media Count:

17.0

Abstract:

Consider a stockpile of n items where the ith item has a rating r sup i, i 1,...,n. An item with rating r sup i if released to the field at time 0 will have a random field life distributed as x sub r sub i X sub r sub i, i 1,...,n is a collection of random variables which are increasing in r in the sense of monotone likelihood ratio. An item with rating r sup i if kept in stockpile until time t and then released to the field will have a field life distributed as X sub r sub idt where dt is a non-random function. Items are to be issued from the stockpile to the field until the stockpile is depleted. The ith issued item is placed in the field immediately upon the death in the field of the i-1st issued item. The problem studied is to find the order of item issue which maximizes in some sense the total field life obtained from the stockpile. Author

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE