A Phased-Procurement Model for Application to F-14 Spare Parts Provisioning
CENTER FOR NAVAL ANALYSES ALEXANDRIA VA
Pagination or Media Count:
When a new aircraft, such as the F-14, is being bought, decisions on the quantities of spare parts to be bought are made even though information on expected demands, operating programs, and the final configuration of the aircraft is limited. For high-value, low-usage parts, which are those we consider, the minimum-cost strategy might be to defer procurement until demands occur. During the period of deferral, the Navy would buy the needed spare parts from a stock carried by the manufacturer or from the production line if no stock is held. The paper describes an algorithm for determining in what cases this would be the best policy.
- Attack and Fighter Aircraft
- Logistics, Military Facilities and Supplies