ARMY INVENTORY Need to Improve Process for Establishing Economic Retention Requirements

Abstract

An analytical model developed by the Army in 1969 to determine economic retention requirements may provide a sound basis for making economic retention decisions. However, the computer programs that implement theoriginal model have been modified many times over the years and now 4 include errors and several nonmodel-based computations. As a result,economic retention requirements have been established (1) for items that do not meet the criteria for economic retention, (2) for items the Army no longer intends to support, and (3) at levels higher than those that would have been established by the model.

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Document Details

Document Type
Technical Report
Publication Date
Feb 27, 1992
Accession Number
AD1154171

Entities

People

  • Richard A. Davis

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Army Personnel
  • Computations
  • Computer Programming
  • Computer Programs
  • Computers
  • Databases
  • Department Of Defense
  • Economic Models
  • Errors
  • Guidance
  • Insurance
  • Inventory
  • Inventory Control
  • Money
  • Procurement

Readers

  • Life Cycle Cost Analysis
  • Military Leadership and Professional Education.