The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 24, 2012
Filed:
May. 18, 2007
Tovey C. Bachman, McLean, VA (US);
Carol A. Dezwarte, Falls Church, VA (US);
Tovey C. Bachman, McLean, VA (US);
Carol A. Dezwarte, Falls Church, VA (US);
Logistics Management Institute, McLean, VA (US);
Abstract
A computer-readable medium executing a method of determining desired stock levels is provided. Demand histories, including peak demands, for each of a plurality of items are determined. The items are ranked, based on unit price, to produce a ranked list, which is divided into price percentiles. Multipliers are assigned to each of the items, based on the respective price percentiles, and stock levels are determined for each of the items by multiplying the peak demand of each item and the respective assigned multiplier. Order quantities are assigned to each of the items based on price percentiles. A service level metric and a resource metric are determined based on the stock levels and the respective order quantities, and the service level metric and resource metric are compared with a desired service level range and a desired resource metric range to determine whether the determined stock levels are the desired stock levels.