PROCUREMENT AND MANAGEMENT OF SPARES

Abstract

The discussion concerns the rules for deciding which inventory levels are optimal or preferred at the various stockage points in a system. The focus is dictated by the key role played by stockage decisions in a material system. Stockage policy has a pervasive, if implicit, control over the systems operating costs: It determines the level of investment and the frequency of shortages, of requisitions, of new procurements, and of repair actions. The survey is broken down into three parts: (1) a discussion of the main choices in modeling logistics inventory systems and the interpretation of of inventory models and their results; (2) a review of some inventory models representing basic analytic approaches that should have had -- or can be expected to have -- the largest role in application to logistics systems; and (3) a presentation of several special topics of importance to the study of spares management.

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Document Details

Document Type
Technical Report
Publication Date
Jul 01, 1966
Accession Number
AD0636955

Entities

People

  • H. S. Campbell

Organizations

  • RAND Corporation

Tags

Communities of Interest

  • C4I
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Bayesian Networks
  • Computer Simulations
  • Computers
  • Economic Models
  • Engineering
  • Inventory
  • Inventory Analysis
  • Inventory Control
  • Lead Time
  • Logistics
  • Maintenance
  • Maintenance Personnel
  • Probability
  • Probability Distributions
  • Procurement
  • Spare Parts
  • Steady State

Readers

  • Economics
  • Logistics and Supply Chain Management.
  • Systems Analysis and Design