SIMULATION STUDY OF INVENTORY PERFORMANCE IMPROVEMENT IN CONSUMER PRODUCTS TRADE BUSINESS UNIT USING SYSTEM DYNAMICS APPROACH

dc.contributor.author	AGUMAS, MASERESHA
dc.date.accessioned	2020-03-17T10:45:10Z
dc.date.available	2020-03-17T10:45:10Z
dc.date.issued	2020-03-17
dc.identifier.uri	http://hdl.handle.net/123456789/10570
dc.description.abstract	This thesis presents studies on multi-product and multi-period in expired and shortage of perishable products replenishment quantity problem in Bahir Dar warehouse consumer products trade business unit in Ethiopia. Most approaches in the literature for optimizing decisions in such an environment consider only a single item inventory. This thesis presents a multi item inventory model to reduce replenishment product cost having an expiration date after which the product cannot be sold and products stock-out this leads to loss of sale. Proposed system dynamics methodology to improve replenishment quantity of expiry and stock-out products and saved the total operation cost such as loss of sale cost, expired cost, holding cost and ordering cost. From the simulation study using vensim software, we proposed improvement of 34.7 % replenishment quantity of expired products, 32.2% replenishment quantity of stock-out products and saved 1.2 million birr per year from the total cost inventory operation from existing system.	en_US
dc.language.iso	en	en_US
dc.subject	ALL	en_US
dc.title	SIMULATION STUDY OF INVENTORY PERFORMANCE IMPROVEMENT IN CONSUMER PRODUCTS TRADE BUSINESS UNIT USING SYSTEM DYNAMICS APPROACH	en_US
dc.type	Thesis	en_US