Research Catalog

An approach to understanding the value of parts

Title: An approach to understanding the value of parts / Marygail K. Brauner, James S. Hodges, and Daniel A. Relles.
Author: Brauner, Marygail K., 1947-
Publication: Santa Monica, CA : Rand Corporation, 1994.

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Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Use in library	VG93 .B717 1994	Off-site

Details

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Description

xvii, 55 pages : illustrations; 28 cm

Summary

This report proposes a way to think about the stockage decisions service maintenance depots must make. The approach involves defining the value of each part so the costs of parts can be related to their effects on fixing end-items. Very simply, if a part breaks frequently and tends to hold up the repair of an expensive end-item, then a spare is very valuable. Using the measure of value, the authors develop a rank-ordered list of repair parts: The higher it is on the list, the more valuable the part is to reducing the value of the repair pipeline. The stockage problem posed is an instance of the classic knapsack problem; the algorithm is a heuristic solution, a greedy algorithm. Simulation tests show that the method does a good job of setting authorized stockage levels. The simulations also suggest that large savings may be possible, and they identify the weapon systems for which savings are likely to accrue. The results make the case for experimenting with the method at a depot or a remanufacturing site.

Series Statement

Rand library collection.

Uniform Title

Rand library collection.

Subject

Note

"Prepared for the United States Navy."

Bibliography (note)

Includes bibliographical references.

ISBN

0833015095
9780833015099

LCCN

94003007

OCLC

ocm29846669
29846669
SCSB-2013917

Owning Institutions

Princeton University Library