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Home  >  Transactions of NAMP VOL.9

14. STATISTICAL ANALYSIS OF BREAD INVENTORY, USING THE USEFUL LIFE TIME BASED ORDERING POLICY. by Izevbizua O. and Emunefe O.J. Volume 9, (March and May, 2019)
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STATISTICAL ANALYSIS OF BREAD INVENTORY, USING THE USEFUL LIFE TIME

BASED ORDERING POLICY.

Izevbizua O. and Emunefe O.J.

Department of Mathematics, University of Benin/Department of General Studies PTI Effurun,

Delta State.

Abstract

Bread is a fixed lifetime product with a useful lifetime of 4 days. In this work the useful

lifetime ordering policy was applied to the bread inventory and statistical analysis

carried out using the statistical software R, to determine the best statistical distribution

that fit the demand distribution and the best ordering policy for the inventory manager.

Keywords: Bread, lifetime, distributions, ordering, policy.

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