APPLICATION OF ECONOMIC ORDER QUANTITY MODEL FOR THE PURCHASE AND GROWTH OF ORGANIC POULTRY WITH INCREMENTAL QUANTITY DISCOUNTS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The purpose of the study is to develop a lot sizing model for growing chickens if the supplier of the products offers incremental quantity discounts. A mathematical model was derived to determine the Optimal Inventory Policy which minimizes the total inventory cost in both the owned and rented facilities. A solution procedure for solving the model is developed and illustrated through a numerical example. Sensitivity Analysis was performed to demonstrate the response of the Order Quantity and total costs to some key parameters. Incremental quantity discounts in reduced purchasing costs. However, ordering very large quantities has downsides as well. The biggest downsides includes the increase holding cost, the risk of running out of storage capacity and item deterioration since the cycle time increases if larger quantities are purchased. Owing to the importance of growing items in the food chains, the model presented in this thesis can be used by procurement and inventory managers when making purchasing decisions.
Related Project Materials
SIGNIFICANCE OF PERSONAL SELLING IN THE MARKETING OF DETERGENT
ABSTRACT
The main objective of this project was to determine the extent to which personal selling is un...
ATTITUDES OF LIBRARIANS TOWARD MARKETING INFORMATION RESOURCES AND SERVICES IN UNIVERSITY LIBRARIES IN NIGERIA
ABSTRACT
The study examined the attitudes of librarians toward marketing information resources and services in university libraries in No...
THE ROLE OF RADIO IN MOBILIZING WOMEN FOR POLITICAL PARTICIPATION IN LAGOS STATE
Background of the study
Radio, according to Kombo (2015), is a crucial driver for social transformatio...
THE ECONOMIC IMPORTANCE OF FERMENTATION
Background of the Study
Since fruit ferments naturally, fermentation precedes human history. However,...
IMPACT OF STAFF TRAINING AND DEVELOPMENT OF EMPLOYEES PERFORMANCE IN NIGERIA. (A CASE STUDY OF NIGERIAN BOTTLING COMPANY)
ABSTRACT
This study was carried out on impact of staff training and development on employees performance in Nigeria usin...
EFFECT OF FINANCIAL AND NON FINANCIAL INCENTIVES ON STAFF PRODUCTIVITY
ABSTRACT
The research focused on the effect of financial and non financial incentives on staff productivity. The study...
AN ASSESSMENT OF AUDITORS' PERCEPTION OF ETHICAL CONSIDERATIONS DURING ENGAGEMENTS
AN ASSESSMENT OF AUDITORS' PERCEPTION OF ETHICAL CONSIDERATIONS DURING ENGAGEMENTS
This study aims to (1) evaluate auditors' awar...
EVALUATION OF THE GASTROPROTECTIVE AND SUB-CHRONIC TOXICITY OF METHANOL STEM BARK EXTRACT OF XIMENIA AMERICANA LINN (OLACACEAE) IN MALE WISTAR RATS
Abstract
Ximenia americana is a plant used traditionally in northern parts of Nigeria for treatment of leprotic ulcers and mouth ulcers i...
EFFECT OF INNOVATION ON ORGANIZATIONAL PERFORMANCE USING JUMIA AS A CASE STUDY
Background of the study
The increasingly competitive business climate has made it necessary for organiz...
THE PORTRAYAL OF VIOLENT CONTENT IN CARTOONS SHOWN ON SATELLITE TEVELSION: DSTV
ABSTRACT
The notion that art reflects reality is an ideology set upon works of art to influence the perception of the audience to decode...
