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AN OPTIMAL INVENTORY CONTROL OF RAW MATERIALS AND NETWORK ANALYSIS OF PRODUCTION PLANNING
[A CASE STUDY OF AKA PAINT NIGERIA LIMITED] -
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- Contributor: mr-chris
- engagements: 115
- Case No: 817539ip
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ABSRACT - [ Total Page(s): 1 ]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 path method (CPM) were used in estimating the comple
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CHAPTER ONE - [ Total Page(s): 4 ]INDUSTRIAL ACTIVITIESv Essentially for local Nigeria market – replacement and original equipmentvExports of car paints.TYPES OF PAINT MANUFACTURED- Emulsion paints- Texcote paints- Gloss paints- Car paintsTo produce these products several raw materials are needed and in different proportions. Some of the raw materials in puts includes methyl ethyl ketone (MEK) toluene resin, petrol, kerosene, ethylene glycol, etc, these products yield different levels of profit to the company and how to make profits as large possible is mystifying to management.Furthermore, the scarcity of s ... Continue Reading
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ABSRACT - [ Total Page(s): 1 ]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 path method (CPM) were used in estimating the comple
... Continue Reading
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