Maintenance of Supplies and Equipment. Techniques for Determining Optimal Operational Readiness Float

Abstract

The techniques presently in use for calculating operational readiness float levels do not take into consideration the random nature of failures or the desirability to allocate stock levels to minimize the associated costs. A more sophisticated mathematical model taking these important points into account is presented. This procedure determines stock levels required to meet a desired float-availability goal at a minimum cost by using past demand data or appropriate estimates.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Jun 07, 1971
Accession Number
AD0737593

Entities

Organizations

  • United States Army Materiel Command

Tags

DTIC Thesaurus Topics

  • Availability
  • Computer Programming
  • Computer Programs
  • Computers
  • End Items
  • Engineering
  • Equations
  • Maintenance
  • Mathematical Models
  • Mental Processes
  • Models
  • Normal Distribution
  • Operational Readiness
  • Plastic Explosives
  • Probability
  • Random Variables
  • Time Intervals

Readers

  • Logistics and Supply Chain Management.
  • Systems Analysis and Design