An Analysis of SERVMART Inventory Control Policies.

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Abstract:

An investigation is made of possible inventory control policies for Navy supply system SERVMARTS Self Service Retail Stores. Three mathematical models of the system are developed and a comparison of the solutions of these models with three current inventory control methods as applied to SERVMART demand data is presented. Based on this comparison, a stochastic, lost sales model is recommended and procedures for its implementation are discussed. Author

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