A general ordering schedule for several items at the UPLB Supply and Property Management Office

Date

5-1988

Degree

Bachelor of Science in Applied Mathematics

College

College of Arts and Sciences (CAS)

Adviser/Committee Chair

Rolando E. Ramos

Abstract

Certainly, all managers are aware that inventories, which can be defined as any idle goods or materials that are waiting to be used, are necessary and important for the efficiency of business operations. Thus managers are faced with the duel problem of maintaining sufficient inventories to meet demand for goods and at the same time incurring the lowest possible inventory cost.

The economic Order Quantity (EOQ) model is the model to find that particular quantity to order which minimize total inventory costs. A general ordering schedule was made based on the values given by this model. Then, the present practice at the UPLB SPMO was compared to the general ordering schedule, and the letter is recommended for use.

The solution method illustrated above is fully illustrated by applying the EOQ model to the 17 items obtained at the UPLB Supply and Property Management Office (SPMO).

Language

English

Location

UPLB Main Library Special Collections Section (USCS)

Call Number

Thesis

Document Type

Thesis

This document is currently not available here.

Share

COinS