Cover: A System Approach to Base Stockage of Recoverable Items
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A System Approach to Base Stockage of Recoverable Items

by G. J. Feeney, Craig C. Sherbrooke

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The concluding Memorandum in a series describing a system approach to setting base stock levels on recoverable items. Application of the system approach is demonstrated and its advantages indicated: (1) a Bayesian procedure, using data on all items in the supply system, to provide improved demand estimates for individual items; (2) a system cost-effectiveness curve displaying realistic alternatives; (3) a mechanism for examining sensitivity to parameter changes; and (4) comparison of different stockage policies.

This report is part of the RAND Corporation Research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

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