An Optimal Inventory Model for the Intermediate Echelon when Resupply is Possible but Uncertain.
GEORGE WASHINGTON UNIV WASHINGTON D C INST FOR MANAGEMENT SCIENCE AND ENGINEERING
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A model is formulated for computing the optimal stock quantity of an item at the intermediate echelon when resupply is possible. The distinguishing feature of the model is that the optimal stock quantity calculation takes into account the cost of resupply and the probability of stock arriving in time for issue to an end-consumer for a specified mode of transport. The model is applied to the problem of determining a preferred mode of transport for an assumed set of parameters. Author
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