Quantitative Measurements For Logistics Course

Introduction

Covering every major area of logistics, this comprehensive course examines break-even analysis, depreciation methods, forecasting, inventory computations, learning curves, maintenance management, quality control, queuing theory, repair level analysis, statistics and much more.

On completion of this course you should be able to: 

• Gain an understanding of useful state-of-the-art logistics tools, methods, and concepts
• Apply the detailed measurements followed by supporting calculations
• Subject and topic definitions included throughout the course
• Use numerous military and business applications
• Discuss Break-Even Analysis, Forecasting Methods, PERT Computations, and Logistics Activities with great clarity.

Course Outline

Acceptance Sampling

• Sequential Probability Ratio Test
• Sequential Sampling Technique

Availability Computations

• Introduction to Availability
• Inherent, Achieved, and Operational Availability
• Types of Availability
• Supportability Measured

Break-Even Analysis

• Break-Even Sales
• Fixed Costs Vs. Variable Costs
• Break-Even Dollar Sales Point, Unit Sales Point, and Repairs Vs. Spares
• Make or buy
• Repair or Replace

Combinational Analysis and Probability

• Combinations, Permutations, and Probability
• Addition Theorem
  • Independent Events
• Multiplication Theorem
  • Independent Events
  • Mutually Exclusive Events
  • Multiple Independent Events
• Conditional Probability

Depreciation Methods

• Diminishing Value
  • Double Declining Balance
• Prime Cost
  • Straight Line

Forecasting Methods

• Correlation coefficient
• Curve Fitting
• Exponential Smoothing
• Interpolation/ Exploration (Simplified/Linear)
• Linear Regression
• Moving Average
• Weighted Average
• Calculating Forecasting Error

Inventory Computations

• Average Inventory
• Economic order Quantity
• Economic Production Lot Size
• Cost of Inventory Supply and Cost of Orders
• Daily Demand
• Inventory Holding Costs
• Operating Level
• Safety and Stockage Levels
• Learning Curve Theory

Life Cycle Cost

• Life Cycle Cost Interfaces
• Classification of Costs
• Present Value of Life Cycle Costs
• Project Life Cycle Cost
• Sensitivity

Maintenance Management

• Mission Capability
• Assessments, Evaluation, and Inspections
• Break Rate, Fix Rate and Cannibalization Rate
• Deferred and Repeat Maintenance Discrepancies
• Maintenance-Induced Mishaps
• Support Equipment Mission Capable Rate

Maintenance Time Management

• Human Motion
• Work Analysis
• Accessibility
• Fatigue
• Hazard Ranking System
• Severity
• Probability
• Frequency
• Location
• Proximity
• Duration
• Environment

Managerial Accounting

• Efficiency
  • Accounts Payable Turnover
  • Accounts Receivable Turnover
  • Cash Turnover
  • Inventory Fill Ratio
  • Inventory Turnover
• Liquidity
  • Cash Ratio
  • Current Ratio
  • Quick Ratio (Acid Test)
  • Working Capital
• Profitability
  • Capital Debt
  • Cost of Goods Sold to Sales
  • Gross Profit Margin
  • Long-Term Debt to Net Working Capital
  • Sales Growth
• Safety
  • Selling, General, and Administrative Expenses to Sales
  • Debt Coverage Ratio
  • Debt to Equity

PERT/ CPM Computations

• Work Breakdown Structure
• Critical Path Method
• Project Evaluation and Review Technique
• Development Rules
• Expected time
• Estimate to Achieve Desired Probability
• Probability of Meeting Projected Time
• Variance

Project Earned Value Analysis

• Earned Value Metrics
• Variances
  • Cost Variance
  • Schedule Variance
  • Cost Performance Index
  • Schedule Performance Index
• Estimate at Completion
  • Using Estimate to Complete
  • Using the Cost Performance Index
  • Using Historical Data
• Anticipated Task Completion Date

Statistics

• Average Deviation
• Coefficient of Variation
• Distribution (Normal Bell-Shaped Curve)
• Mean
• Mean (Weighted Average)
• Standard Deviation
• Percent of Maintenance
• Upper/Lower Confidence Levels