IMPROVEMENT OF M.I.T. NON-REPARABLES MODEL.

Abstract

Present implementation procedures of the MIT model for non-reparable items do not allow for 'undershooting' the reorder point. A factor is developed which, when added to the reorder point, will correct this undershooting. A backorder term is added to the original objective function and tables for a range of availability levels and other input parameters are computed. Finally, the application of inventory models when procurement contracts may result in scheduling of more than one delivery is considered. It is shown that the MIT model can be used to calculate the safety level if the delivery cycle is known. (Author)

Document Details

Document Type
Technical Report
Publication Date
May 01, 1968
Accession Number
AD0670977

Entities

People

  • Djoerd Hoekstra
  • Robert L. Deemer

Tags

DTIC Thesaurus Topics

  • Acquisition
  • Availability
  • Contract Administration
  • Contracts
  • Inventory
  • Procurement
  • Scheduling (Production)

Readers

  • Computer Science.
  • Government Contracting/Procurement.
  • Logistics and Supply Chain Management.