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DTIC ADA201201: The Effect of the Covariance Factor on the Procurem...
by Defense Technical Information Center
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An analysis is made of the formulae used by the Navy's
Inventory Control Points in calculating the variance of
Net Leadtime Demand of repairable items. A new formula is
then derived, which makes use of actual calculations of
covariance between regenerations and demands. The
resulting variance values derived from the new formula
are compared with the variance values resident on the
Navy's Ships Parts Control Center data base and are shown
to produce lower variances. The new formula is also
compared to the option path formula to determine which
formula produces the smallest variance. The comparison
suggests an under-estimation of variances results when
the option path with its estimate of the covariance is
used. The thesis concludes with recommendations for
implementation of the new formula.
Date Published: 2018-02-21 04:06:49
Identifier: DTIC_ADA201201
Item Size: 29547487
Language: english
Media Type: texts
# Topics
DTIC Archive; Adams, Keith T ; NAVAL ...
# Collections
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