Discrete Renewal Theory Revisited (With Microcomputer Programs),

Abstract

Consider the following 'Readiness' problem. In a manufacturing operation using machine tools, cutters such as drilling and cutting bits are constantly subject to wearout and breakage and have to be re-sharpened or replaced from time to time. The duration for which a particular tool will last even for a given material, speed, feed, etc. can not be predicted in any deterministic way. It is a random variable having a statistical distribution when the operation is under the state of statistical control. Here lies an important logistic question on readiness. For the manufacturer, how many tools on the average (with what variance from the average) should be kept in stock in order to maintain a smooth-running manufacturing operation.

Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1972
Accession Number
AD0777997

Entities

People

  • John H. K. Kao

Organizations

  • New York University

Tags

DTIC Thesaurus Topics

  • Computing-Related Activities
  • Data Science
  • Drilling
  • Information Science
  • Interdisciplinary Science
  • Machine Tools
  • Manufacturing
  • Materials
  • Mathematical Analysis
  • Mathematics
  • Personal Computers
  • Random Variables
  • Statistical Analysis
  • Statistical Distributions
  • Tools

Readers

  • Manufacturing Engineering.
  • Statistical inference.
  • Systems Analysis and Design