Accession Number:

AD0754985

Title:

A Multi-User Circulation Inventory Model,

Descriptive Note:

Corporate Author:

CALIFORNIA UNIV LOS ANGELES WESTERN MANAGEMENT SCIENCE INST

Personal Author(s):

Report Date:

1972-11-01

Pagination or Media Count:

23.0

Abstract:

The paper studies a model arising from an Air Force inventory application where items circulate among different user locations and a repair center. The decision-making consists in deciding which user location should receive an item coming out of repair. The model is formulated as a discrete time-multi-state variable dynamic programming problem. A heuristic decision rule called the Transportation Time Look Ahead policy is presented along with some simulation results. The main result of the paper is a theorem wherein the Transportation Time Look Ahead policy is shown to be optimal for a modified version of the original model. Author

Subject Categories:

  • Operations Research
  • Logistics, Military Facilities and Supplies

Distribution Statement:

APPROVED FOR PUBLIC RELEASE