INSURANCE ITEMS STOCKAGE POLICIES.

Abstract

Insurance items are items which are expected to fail infrequently, if at all. However, due to their high essentiality and long lead times a few spares are desired. A method of computing numerical stockage objectives is devised based on the method used for regular stocked items. However, the mean and variance of the demand distribution are initially developed from demand histories of all items considered insurance items two years ago. An updating procedure is employed which will give more weight to the individual item's history as such data are obtained. (Author)

Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1970
Accession Number
AD0702062

Entities

People

  • Robert L. Deemer

Tags

DTIC Thesaurus Topics

  • Business Administration
  • Engineering
  • Finance
  • Insurance
  • Lead Time
  • Scheduling (Production)
  • Time

Readers

  • Approximation Theory.
  • Logistics and Supply Chain Management.