Solution of a Multi-Echelon Inventory Model with Possible Item Repair.
Abstract
The thesis describes briefly the scope and nature of multi-echelon inventory systems where item repair is possible at the various levels. A model is created which describes many commonly encountered real world systems. Sets of non-comparable and comparable costs are specified and a cost-effectiveness approach to the solution of the model is outlined. A nonlinear program is developed where the expected sum of comparable costs is minimized subject to a given level of fill rate (effectiveness) provided by the lower level stocking points to their customers. Several remarks are then made to indicate possible solution procedures for the program and characteristics and uses for the cost-effectiveness alternatives developed.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1971
- Accession Number
- AD0733198
Entities
People
- Howard Harvey Hamilton
Organizations
- Naval Postgraduate School