A Repairable Item Inventory System Using Dynamic Programming and Markov Processes.
Abstract
The thesis develops an analytical model of a repairable item inventory system. The system consisted of a depot that repaired failed units according to some repair policy and stocked ready-for-issue units in support of a finite number of customers. A least-cost repair policy and stock level was determined by use of a computer program which is included as an appendix. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1971
- Accession Number
- AD0733237
Entities
People
- James Alfred Biggins
Organizations
- Naval Postgraduate School