Measurement and Implications of Production Lead Time Variability.
Abstract
This is the final report for the US Army Inventory Research Office study, 'Measurement and Implications of Production Lead Time Variability,' (Proj 229). It describes empirical work on methods of forecasting Production Lead Times for secondary items. The forecast and a measure of its variability are to be used in the Variable Safety Level (VSL/EOQ) module of the Commodity Command Standard System. A six-year data base of the procurement history for aviation components was compiled and utilized in simulations of the candidate forecast methods. A method was selected on the basis of smallest aggregate forecast error. A test of this method suggests a significant improvement over the presently-used forecast method. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1979
- Accession Number
- ADA079435
Entities
People
- Martin E. Cohen