Percent Errors in the Estimation of Demand for Secondary Items.

Abstract

AMC subordinate commands use the Commodity Command Standard System (CCSS) to help manage secondary items. Percent errors in the estimation of demand are used by CCSS to compute economic order quantities and variable safety levels. Because the percent errors had not been verified for AMCCOM, this study computed percent errors from historical AMCCOM demand and return data. The percent errors found were roughly ten percent higher than the ones in use. It was recommended that the current percent errors be retained and that a limited number of serviceable returns be deducted from demand estimates. (Author)

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Nov 01, 1985
Accession Number
ADA167178

Entities

People

  • George B. Robinson

Tags

Communities of Interest

  • Materials and Manufacturing Processes
  • Weapons Technologies

DTIC Thesaurus Topics

  • Ammunition
  • Binomials
  • Chi Square Test
  • Classification
  • Computations
  • Errors
  • Foreign Military Sales
  • Histograms
  • Inventory
  • Lead Time
  • Logistics
  • Logistics Management
  • Munitions
  • Numbers
  • Procurement
  • Security
  • Standards

Readers

  • Computational Modeling and Simulation
  • Government Contracting/Procurement.
  • Industrial Economics