AN ANALYSIS OF THE INVENTORY RANGE PROBLEM
Abstract
In contrast with inventory problems that are concerned with when and how much to order of a given repair part, an analysis is made as to which of the many parts in a complex equipment should be considered for stockage as repair parts. An analytic model is developed that provides inventory range decisions that minimize total repair and inventory support costs at a given maintenance activity. The way in which parts are interrelated in the equipment parts hierarchy is explicitly recognized in the model. As by-products, the model prescribes the kind of repair actions to apply to a failed unit of the equipment and, indirectly, the kind and amount of repair capability that should be provided. The model has potential application to other problems involving the parts hierarchy, such as determining optimal module sizes.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1962
- Accession Number
- AD0624252
Entities
People
- Andrew J. Clark