A dynamic inventory model for an animal feeds manufacturer / by ... and Chee-Hai Loy | |
| Author | Loy, Jinn-min |
| Call Number | AIT Thesis no. 1381 |
| Subject(s) | Food industry and trade--Inventory control Animal food--Manufacture |
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Science of the Asian Institute of Technology, Bangkok, Thailand |
| Publisher | Asian Institute of Technology |
| Abstract | This study is directing at applying scientific method to solve the raw material inventory of an animal feeds factory in Thailand. The various cost parameters associated with the inventory system are, as far as possible, objectively evaluated. The characteristics of the inventory system are carefully studied and analyzed. The analysis leads to the conclusion that the demands and unit costs of the raw materials fluctuate from period to period, and there is an obvious seasonal pattern. In addition, the problem is further complicated by the perishability of the raw materials. To solve such inventory, this study formulates the inventory system into a dynamic model, and uses the technique of dynamic programming to solve the model. The results of this technique leads to a set of inventory policies which can be easily implemented by the personnel in charge of the inventory. |
| Year | 1978 |
| Type | Thesis |
| School | Student Research Before 1979 |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Thesis (Year <=1979) |
| Chairperson(s) | Techapun Raengkhurn |
| Examination Committee(s) | Sharif, M. N. ;Tang, John C.S. |
| Scholarship Donor(s) | Government of Australia |
| Degree | Thesis (M.Sc.) - Asian Institute of Technology,1978 |