Analytical models for SERVMART inventory control
By: by F.R. Richards and L.R. Atkinson
Contributors: Atkinson, Larry Richard; Naval Postgraduate School (U.S.)
Publisher: Naval Postgraduate School
Published: 1973
Place of publication: Monterey, California
Language: eng
Number of pages: 48
Subjects: Supplies and stores; Mathematical models; Inventory control; United States; Inventories; United States. Navy
Description: Inventory policies for the control of items carried by the Naval Supply Centers at their retail self-service stores (SERVMARTS) are developed. The reorder-level, reorder-quantity procedures minimize ordering, holding and stockout costs subject to constraints on inventory investment and stockout risk. Examples are presented for random samples from three SERVMARTS in the San Diego area and comparisons are made with two policies presently in use. The comparisons show a large reduction in the number of orders placed per year with a reduction in total system costs. Also included are recommended procedures for determining both the budget for inventory investment and the range of items carried at the SERVMARTS.
Notes: Title from cover.

Sponsoring military activity: Research and Development Division, Naval Supply Systems Command.

"June 1973"--Cover.

"NPS55RH73061A"--Cover.

DTIC Identifiers: Naval supply centers, self service stores, SERVMARTS.

Author key words: Inventory system, economic order quantity, SERVMART, cost effictiveness, budget determination, range determination.

Includes bibliographical references (p. 43)

"Approved for public release; distribution unlimited"--Cover.

Technical report; 1973.

ck/ 8/20/09.