DYNAMIC MODELING OF INVENTORIES SUBJECT TO OBSOLESCENCE,

Abstract

The models presented here arose in connection with studies on the problem of obsolescence as met in the supply system, with particular reference to spare parts for Naval aircraft. Inventory control procedures in current usage ordinarily allow for obsolescence by making an arbitrary blanket charge, to be distributed over all supply items. The models discussed are concerned with optimization of ordering and disposal decisions, leading to policies of the (s,S) type, incorporating specific elements descriptive of the uncertainty of future demand for the particular item. (Author)

Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1963
Accession Number
AD0424554

Entities

People

  • George W. Brown

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • Air Platforms

DTIC Thesaurus Topics

  • Aircrafts
  • Contracts
  • Cooperation
  • Inventory
  • Inventory Control
  • Obsolescence
  • Optimization
  • Production Management Methods
  • Spare Parts
  • Uncertainty

Readers

  • Life Cycle Cost Analysis
  • Systems Analysis and Design