This thesis examines some cost/performance models for high cost, low demand insurance items. The motivation for this research is the lack of such analytical methodology in the Israeli Navy (I.N.). The models maximize selected supply measures of effectiveness and minimize average annual holding and backordering costs. The models have the ability to rank individual items in such a way that, under a constraint of an annual provisioning budget, only those that contribute the most to the objective function are selected for stocking.
McMasters, Alan W.
Naval Postgraduate School
M.S. in Management
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