Download

Download eBook for Free

FormatFile SizeNotes
PDF file 1.4 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback48 pages $23.00 $18.40 20% Web Discount

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.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.