An Evaluation of the Proposed MSRT Replenishment Model for Wholesale Consumable Items

Abstract

This thesis compares the current wholesale level consumable replenishment inventory model, now in use at Navy Inventory Control Points (ICPs), with a proposed Mean Supply Response Time (MSRT) Model. The purpose of the MSRT model is to introduce a readiness measure into wholesale inventory management. The objective of the MSRT model is to determine inventory depths which minimize the mean supply response time subject to not exceeding the inventory dollar investment provided by the UICP model for the same items. The MSRT model uses a marginal analysis optimization procedure. A comparative analysis of the models' results indicates that the MSRT model provides consistently better supply system performance, in terms of supply material availability (SMA) and mean supply response time (in days), than the UICP model for items with a medium to low average quarterly demand. For medium to high quarterly demand items, there is no significant difference in the models' performances. Keywords: Naval supply system, Fortran, Subroutines.

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1989
Accession Number
ADA223927

Entities

People

  • Richard E. Boike
  • Timothy H. Stringer

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Advanced Electronics
  • Weapons Technologies

DTIC Thesaurus Topics

  • Computer Programming
  • Computer Programs
  • Computers
  • Databases
  • Department Of Defense
  • Geographic Regions
  • Inventory Control
  • Lead Time
  • Measures Of Effectiveness
  • Navy
  • Probability
  • Probability Distributions
  • Procurement
  • Test And Evaluation
  • Time
  • United States
  • Weapon Systems

Readers

  • Computational Modeling and Simulation
  • Logistics and Supply Chain Management.