A Study to Develop Improved EOQ Inventory Management Policies.

Abstract

Several recent studies have shown that some of the fundamental assumptions used to derive the requirements computation formulas currently used in the D062 Economic Order Quantity (EOQ) Buy Computation System provide a poor approximation to the actual characteristics of AFLC EOQ items. This paper summarizes the results of a study to develop improved descriptions of EOQ demand and lead time characteristics, and to derive and evaluate alternate requirements calculations based upon this new knowledge. Four new requirements computation formulas were identified that appear to provide significant cost-effectiveness improvements. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1982
Accession Number
ADA124547

Entities

People

  • W. Steven Demmy

Tags

Communities of Interest

  • Air Platforms
  • Human Systems
  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Air Force Facilities
  • Aircrafts
  • Analysis Of Variance
  • Computations
  • Cost Effectiveness
  • Data Science
  • Information Science
  • Lead Time
  • Mathematical Analysis
  • Probability
  • Probability Distributions
  • Simulations
  • Simulators
  • Standards
  • Statistical Analysis
  • Statistical Data
  • Statistics

Readers

  • Life Cycle Cost Analysis
  • Theoretical Analysis.