Navy Retail Range Models: Comparative Analysis,
Abstract
Current range rules for the Navy retail system add items to the carried inventory on the basis of a fixed number of customer demands over a specified time period. DODINST 4140.45 of 7 Apr 1978 promulgates a DOD-wide policy which requires that intermediate levels of inventory be stocked using a range model which considers the cost of stocking/not stocking an item. This report contains a comparative analysis using simulation of three range models which meet the the requirements of the new policy. The study results indicate that, of the models examined, the preferred model is a FMSO (Navy Fleet Material Support Office) developed Retail Range Model. This model projects an improved POE (point of Entry) effectiveness within existing range, procurement workload and investment constraints. Additionally, the FMSO Model provides an inventory of items with a high probability of continued demand. The major disadvantage is the Mathematical complexity which appears to be a common characteristic of the more perceptive models. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 29, 1978
- Accession Number
- ADA059303
Entities
People
- R. L. Mcnertney