Home           Contact us           FAQs           
 
   Journal Page   |   Aims & Scope   |   Author Guideline   |   Editorial Board   |   Search
    Abstract
2012 (Vol. 4, Issue: 13)
Article Information:

Computer Modelling and Simulation for Inventory Control

G.K. Adegoke, G.I.O. Aimufua and A.J. Jegede
Corresponding Author:  G.K. Adegoke 

Key words:  Assets, cost, economic order quantity, manufacturing, production, resources,
Vol. 4 , (13): 1828-1832
Submitted Accepted Published
September 23, 2011 November 04, 2011 July 01, 2012
Abstract:

This study concerns the role of computer simulation as a device for conducting scientific experiments on inventory control. The stores function utilizes a bulk of physical assets and engages a bulk of financial resources in a manufacturing outfit therefore there is a need for an efficient inventory control. The reason being that inventory control reduces cost of production and thereby facilitates the effective and efficient accomplishment of production objectives of an organization. Some mathematical and statistical models were used to compute the Economic Order Quantity (EOQ). Test data were gotten from a manufacturing company and same were simulated. The results generated were used to predict a real life situation and have been presented and discussed. The language of implementation for the three models is Turbo Pascal due to its capability, generality and flexibility as a scientific programming language.
Abstract PDF HTML
  Cite this Reference:
G.K. Adegoke, G.I.O. Aimufua and A.J. Jegede, 2012. Computer Modelling and Simulation for Inventory Control.  Research Journal of Applied Sciences, Engineering and Technology, 4(13): 1828-1832.
    Advertise with us
 
ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
Submit Manuscript
   Current Information
   Sales & Services
   Contact Information
  Executive Managing Editor
  Email: admin@maxwellsci.com
  Publishing Editor
  Email: support@maxwellsci.com
  Account Manager
  Email: faisalm@maxwellsci.com
  Journal Editor
  Email: admin@maxwellsci.com
  Press Department
  Email: press@maxwellsci.com
Home  |  Contact us  |  About us  |  Privacy Policy
Copyright © 2009. MAXWELL Science Publication, a division of MAXWELLl Scientific Organization. All rights reserved