Analysis of Inventory Models with Budget Constraint.

Abstract

This thesis addresses the problem of determining the optimal number of spares for a multi-item inventory system with a procurement budget constraint. Various inventory models are considered with objective functions like time-weighted units short, units short, essentiality-weighted units short and pseudo-availability. Solution algorithms are derived using the generalized Lagrange multiplier approach and a marginal analysis approach. Sample data and output results are provided and comparisons of the alternative models are given. Finally, a discussion and example is given of the use of the models as a means of estimating the budget required to attain a specified level of performance. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1983
Accession Number
ADA136792

Entities

People

  • S. J. Kang

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Weapons Technologies

DTIC Thesaurus Topics

  • Algorithms
  • Availability
  • Computer Programs
  • Computers
  • Equations
  • Inventory
  • Inventory Control
  • Lead Time
  • Mathematical Models
  • Measures Of Effectiveness
  • Models
  • Normal Distribution
  • Operations Research
  • Probability
  • Procurement
  • Spare Parts
  • Weapon Systems

Readers

  • Logistics and Supply Chain Management.
  • Operations Research