President Reagan yesterday named 14 industrialists, retired military officers, former Pentagon officials and Republicans with close White House ties to his new Commission on Defense Management.

The panel, chaired by former deputy defense secretary David Packard, now chairman of Hewlett-Packard, was set up by the administration in response to charges of mismanagement and waste in Pentagon procurement programs.

Democrats on Capitol Hill have charged that the panel was created to deflect criticism of Pentagon procurement-scandals in recent years.

Reagan signed an executive order creating the panel yesterday at Bethesda Naval Hospital.

The appointments are:

*Ernest Arbuckle, dean emeritus of Stanford University's Graduate School of Business.

*Gen. Robert H. Barrow, former commandant of the Marine Corps.

*Former Republican senator Nicholas F. Brady (N.J.), currently chairman, Dillon Read & Co. Inc.

*Louis Wellington Cabot, chairman, Cabot Corp., and chairman of the Federal Reserve Bank of Boston in the 1970s.

*Frank C. Carlucci, chairman and chief executive, Sears World Trade Inc., and deputy defense secretary from 1981 to 1982.

*William P. Clark, deputy secretary of state and, later, national security affairs adviser and interior secretary in Reagan's first term. He is counsel to the law firm Rogers and Wells.

*Gen. Paul F. Gorman, who headed the U.S. Southern Command, covering Central and South America. Gorman is now vice president, Burdeshaw and Associates.

*Carla Anderson Hills, former secretary of Housing and Urban Development in the Ford administration. She is now a partner in Latham, Watkins and Hills.

*Adm. James Holloway, a former chief of naval operations, who headed a Carter administration commission on counterterrorism. He is now president of the Council of American Flagship Operators.

*William J. Perry, a former Pentagon executive, now managing director of Hambrecht and Quist.

*Charles J. Pilliad Jr., a former chief executive of Goodyear Tire and Rubber Co.

*Gen. Brent Scowcroft, national security adviser to President Gerald R. Ford and chairman of the Commission on Strategic Forces during Reagan's first term. Scowcroft is now vice chairman of Kissinger Associates Inc.

*Herbert Stein, former chairman of the Council of Economic Advisers and now senior fellow, American Enterprise Institute.

*R. James Woolsey, former Pentagon and National Security Council analyst, who also served as undersecretary of the Navy and an adviser to U.S. arms talks delegations.