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Managing Inventory Systems Using Optimization

A Thesis Submitted to the Department of Mathematics, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfillment of the requirement for the degree of Master of Science in Industrial Mathematics, Institute of Distance Learning.

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Main Author: Alema-Mensah, Ernest
Format: Thesis
Language:English
Published: 2011
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access_status_str Open Access
author Alema-Mensah, Ernest
author_browse Alema-Mensah, Ernest
author_facet Alema-Mensah, Ernest
author_sort Alema-Mensah, Ernest
collection Thesis
description A Thesis Submitted to the Department of Mathematics, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfillment of the requirement for the degree of Master of Science in Industrial Mathematics, Institute of Distance Learning.
format Thesis
id oai:ir.knust.edu.gh:123456789/1403
institution KNUST (Ghana)
language English
last_indexed 2026-06-10T12:31:19.760Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
publishDate 2011
publishDateRange 2011
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source_str KNUSTSpace — Kwame Nkrumah University of Science & Technology (Ghana)
spelling oai:ir.knust.edu.gh:123456789/1403 Managing Inventory Systems Using Optimization Alema-Mensah, Ernest A Thesis Submitted to the Department of Mathematics, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfillment of the requirement for the degree of Master of Science in Industrial Mathematics, Institute of Distance Learning. In managing inventory systems, proper simulation of the inventory or stock levels is very likely to reduce holding cost, losses and improve general customer satisfaction or profit. This thesis aims to investigate simulation optimization of an Inventory Management System. It also discusses Optimal Inventory Policy (cost saving in inventory management and maximizing profit). A mathematical model is used for this purpose. Also a case study adjusts mathematical model to practicality of Toyota Ghana Company Limited business situation. KNUST 2011-10-05T11:15:42Z 2023-04-19T03:38:35Z 2011-10-05T11:15:42Z 2023-04-19T03:38:35Z 2011-10-05 Thesis https://ir.knust.edu.gh/handle/123456789/1403 en application/pdf
spellingShingle Alema-Mensah, Ernest
Managing Inventory Systems Using Optimization
title Managing Inventory Systems Using Optimization
title_full Managing Inventory Systems Using Optimization
title_fullStr Managing Inventory Systems Using Optimization
title_full_unstemmed Managing Inventory Systems Using Optimization
title_short Managing Inventory Systems Using Optimization
title_sort managing inventory systems using optimization
url https://ir.knust.edu.gh/handle/123456789/1403
work_keys_str_mv AT alemamensahernest managinginventorysystemsusingoptimization