An Optimal Inventory Control Of Raw Materials And Network Analysis Of Production Planning

62 pages Chapters 5 ID: MTH0033

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DepartmentMathematics
TypeProject
Pages62
Chapters5
FormatMS Word & PDF
Reference No.MTH0033

Abstract

(A CASE STUDY OF AKA PAINT NIGERIA LIMITED) ABSTRACT This study is aimed at determining the optimal quantity of raw materials to be ordered for and when best to make the order. It also aimed in determing the completion time in the producer of paint. A case study of Aka paint industry limited was taken. ­To complete these, data was collected from the company and the project network was drawn. Mathematical models such as economic lot size model were used in determing the optimal quality of the raw materials to be kept on inventory. Programme evaluation and review technique (PERT) and critical …

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