Date of Graduation

12-2026

Document Type

Thesis

Degree Name

Bachelor of Science in Agricultural, Food and Life Sciences

Degree Level

Undergraduate

Department

Agricultural Economics and Agribusiness

Advisor/Mentor

Popp, Michael

Committee Member

Kemper, Nathan

Second Committee Member

Popp, Jennie

Abstract

Inventory management is extremely important for businesses to maximize their profitability. Many factors go into the decision-making process for how much inventory to hold and when to restock this inventory. Through the process of an internship, I determined that some of the most important factors were the amount of a part that needed to be ordered at a time and what order quantities would allow for high levels of customer satisfaction. In this research, I compared these factors between the different models I studied, and the data I received from Riggs CAT to determine whether or not maximum efficiency and profitability were being reached. The results concluded that through various equation estimations, profitability could be increased for the given parts. Given different modeling frameworks with alternative input parameters, model results were not always comparable. As such, a business could use several approaches and reflect on results on the basis of experience in the parts department.

Keywords

Inventory Management; Profitability; Order Quantity

Download

Included in

Agribusiness Commons

Share

COinS