Abstract
This paper explores a new, more optimal policy for planning terminal bays for the provisioning of circuits in a telephone operating company. This new policy regularly monitors the terminal bay inventory and orders K units when the spare reaches a certain parameter, R. For particular office characteristics the optimal (R, K) pair which minimizes cost is determined, subject to a performance constraint. A probabilistic circuit demand model is formulated and a combination of simulation and analytic approximation is used to calculate the cost and performance measure. In order to prove that the new policy is more economical, the new policy is compared, via another simulation, to the present policy of a typical telephone operating company.
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