RESOURCE ALLOCATION IN A SEQUENTIAL FLOW PROCESS WITH AN APPLICATION TO THE NAVAL RESUPPLY SYSTEM,

Abstract

The paper considers the problem of optimizing the benefits to be realized from allocating resources in a stochastic flow process. The Naval resupply system is viewed as consisting of several processes, from the requisitioning, to processing, to transportation of spare parts. The time necessary for completion of any of the processes by any of the assumed homogeneous items is a random variable described by a distribution function whose parameters are functions of the budget at which each process is supported. Having delineated alternative budget levels and associated parameter improvements at each stage, the problem is to allocate a fixed budget so that the probability of completion for any item over the whole flow system before a given deadline is maximized. The solution to this problem is presented with specific reference to the Naval resupply system. (Author)

Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1970
Accession Number
AD0713028

Entities

People

  • Lester P. Silverman

Organizations

  • Center for Naval Analyses

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Distribution Functions
  • Mathematics
  • Probability
  • Probability Distributions
  • Random Variables
  • Spare Parts
  • Stochastic Processes
  • Transportation

Readers

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