AN APPROXIMATE GOAL CONSTRAINT MODEL FOR AMMUNITION INVENTORY.
Abstract
The paper criticizes the standard economic approach to inventory control in a military context as a goal constrained model which optimizes a performance criteria. An argument is applied to an ammunition system in a combat zone and a model is formulated to minimize expected on-hand inventory subject to constraints on required protection and order size or frequency. The model assumes that orders do not cross. Two examples, using Marine Corps data, were tested by a computer simulation that permitted orders to cross. It would appear that the model is best solved by simulation in view of the uncertainties caused by stochastic lead times and the skewness of lead time demand. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1970
- Accession Number
- AD0712793
Entities
People
- Mark Thomas Hehnen
Organizations
- Naval Postgraduate School