Testing the Cost Effectiveness of an Inventory Filtering Rule Using Empirical Data.

Abstract

In this report we evaluate the cost effectiveness of an inventory filtering rule shown in Technical Report 22. We use United States Air Force empirical individual customer order distributions to generate 1080 cases. We compare the operating characteristics of the inventory replenishment policy for the unfiltered orders to the policy for the filtered orders. We show that filtering can significantly reduce total expected costs, with the majority of reduction resulting from decreased inventory investment. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Feb 01, 1983
Accession Number
ADA125494

Entities

People

  • Douglas Blazer

Organizations

  • University of North Carolina at Chapel Hill

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Air Force
  • Business Administration
  • Cost Effectiveness
  • Cost Reductions
  • Costs
  • Experimental Design
  • Filtration
  • Information Science
  • Inventory
  • Inventory Control
  • Investments
  • North Carolina
  • Operations Research
  • Replenishment
  • Systems Analysis
  • United States

Readers

  • Atmospheric Science / Meteorology, specifically Wind Wave Turbulence.
  • Logistics and Supply Chain Management.
  • Mathematics or Statistics