Accession Number:

ADA136792

Title:

Analysis of Inventory Models with Budget Constraint.

Descriptive Note:

Master's thesis,

Corporate Author:

NAVAL POSTGRADUATE SCHOOL MONTEREY CA

Personal Author(s):

Report Date:

1983-09-01

Pagination or Media Count:

76.0

Abstract:

This thesis addresses the problem of determining the optimal number of spares for a multi-item inventory system with a procurement budget constraint. Various inventory models are considered with objective functions like time-weighted units short, units short, essentiality-weighted units short and pseudo-availability. Solution algorithms are derived using the generalized Lagrange multiplier approach and a marginal analysis approach. Sample data and output results are provided and comparisons of the alternative models are given. Finally, a discussion and example is given of the use of the models as a means of estimating the budget required to attain a specified level of performance. Author

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE