Heuristics for Computing Variable Safety Levels/Economic Order Quantities for Reparable Items.
ARMY LOGISTICS MANAGEMENT CENTER FORT LEE VA
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The report evaluates via computer simulations heuristics for computing the reorder points and reorder quantities for procuring and repairing. Heuristics are evaluated for both the continuous review and the periodic review replenishment policies. The heuristics apply to routinely managed reparable items at the wholesale level of supply. These are items for which replenishment from procurement and repair are significant sources of stock replenishment and for which the economies of batching are worthwhile. The heuristics attempt to minimize a cost function which includes costs of holding serviceable and unserviceable stock, set-up costs for procuring and repairing, and time weighted backorder cost. Author
- Logistics, Military Facilities and Supplies