INVENTORY MODELS WITH A TYPE OF DEPENDENT DEMAND AND FORECASTING, WITH AN APPLICATION TO REPAIR,

Abstract

In general, the single-product inventory model in which demands in successive periods are not independent is difficult to treat. The paper defines a large class of such problems, when there is a positive lead time for delivery, which can be treated by the classical formulation with a single state variable. All results which hold for inventory models with a constant delivery lag can be shown to hold also for the model. An application is made to a system in which demands are generated by part failure and in which a portion of these failures are repaired after a given (constant or probabilistic) time. (Author)

Document Details

Document Type
Technical Report
Publication Date
Feb 10, 1970
Accession Number
AD0702456

Entities

People

  • George F. Brown Jr.
  • Richmond M. Lloyd
  • Timothy M. Corcoran

Organizations

  • Center for Naval Analyses

Tags

DTIC Thesaurus Topics

  • Collaborative Techniques
  • Delphi Method
  • Engineering
  • Inventory
  • Lead Time
  • Management Engineering
  • Scheduling (Production)
  • Time

Readers

  • Logistics and Supply Chain Management.
  • Mathematical Modeling and Probability Theory.