PRACTICAL ASPECTS OF ECONOMIC ORDER QUANTITIES,
Abstract
The study was designed to improve logistic rationing procedures. In the process of making the changes several special purpose estimates of the demand rate were used, a departure from typical multi-purpose applications of a single estimate. A computer simulation of the new procedures is described. It reveals that the changes simultaneously reduce costs and increase support effectiveness. Initial efforts to improve safety levels are also discussed. These are made a function of the unit cost for each line item, in an effort to obtain the most protection per dollar invested, across the entire inventory of almost a million line items.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 01, 1965
- Accession Number
- AD0615828
Entities
People
- Irving Katz
- Victor J. Presutti Jr.