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.
ABSTRACT
This Research Study titled: “AN APPRAISAL OF THE LEGAL FRAMEWORK FOR THE PRIVATIZATION AND REFORM PROGRAMME FOR THE ENERGY...
ABSTRACT
There has been a problem for some years now, student’s poor academic performance in senior secondary Scho...
ABSTRACT
The Child’s Rights Act 2003 (CRA) is a product of International and Regional legal frameworks on the rights of the child a...
Background of the study
Water is necessary for life, and its availability, usage, and spatial distribution are all linke...
ABSTRACT
Low nutritional value and inconsistent sensory qualities arising from crude and nonstandardised processing operations characteri...
Abstract
Internal audit system plays a key role in the assurance chain towards accountability and control. therefore the purpose of...
ABSTRACT
The study attempts to investigate some aspects of Language In Feminist Literature: a S...
BACKGROUND OF THE STUDY
Lateness to school started long ago, every where in a way that cannot be contro...
BACKGROUND OF THE STUDY
The use of information and communications technology (ICT) to improve and/or as...
Abstract
The study was carried out on the role of E-Commerce in reducing operational cost in an organization. In this st...