AMMUNITION PURCHASE DECISIONS IN THE FACE OF LONG LEAD TIMES AND USAGE UNCERTAINTY

Ammunition purchase decisions are confounded by Luminizers two signifi cant factors: long lead times for suppliers to produce and deliver ammunition; and signifi cant usage uncertainty.This puts a premium on careful planning to make sure that there are no shortages and, at the same time, that inventories are MAGNESIUM LIQUID not excessively high.This paper presents a model for determining purchase requirements which trade-off these competing objectives.