Improved Inventory Models for the United States Coast Guard Requirements Determination Process
Abstract
Requirements determination is the process by which the Coast Guard supply system forecasts future customer demands and sets levels of inventory to satisfy those demands. Currently, the Coast Guard is in the process of modernizing its inventory-management system at its nonaviation supply centers. To support them, the Logistics Management Institute undertook a study to update the inventory models in the Coast Guard's requirements determination process. Although different types of inventory-management models deal with different decisions, they are all interconnected. For example, the demand forecast from a forecasting model feeds into the computation of stockage levels performed by other models. It is not enough to improve demand forecasts if the levels computations that use those forecasts are not updated to capitalize on the improvements. This report documents the LMI study of how the Coast Guard can update all of its inventory models. We make specific recommendations on which inventory models we believe the Coast Guard should use in its inventory- management system and we present those recommendations at the end of each chapter.
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 01, 1993
- Accession Number
- ADA284294
Entities
People
- Dennis L. Zimmerman
- George L. Slyman
Organizations
- LMI