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|Title: ||An equipment replacement policy for the State Transport Corporation of Ghana|
|Authors: ||Akanachalbeka, Amoak Michael|
|Issue Date: ||14-Jul-1996|
|Series/Report no.: ||2256;|
|Abstract: ||The State Transport Corporation like many Service Organisations, faces the problem of
how long a bus should be on the road before it is replaced.
The aim of this thesis is therefore to determine a schedule of disposals and replacements of buses, taking into account the high repair bills of older buses and their salvage values, such that the total cost of these activities over the next five, ten, fifteen and twenty years is minimized.
Data was collected from the State Transport Corporation’s head office in Accra on the purchase, salvage and inflationary rates on each bus with time.
The problem was solved by use of dynamic
programming implemented in a Basic Programme.
It was found out that as much as possible buses should always be maintained until they are no more roads worthy.|
|Description: ||A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirement for the award of the Degree of Master of Science in Mathematics, 1996|
|Appears in Collections:||College of Science|
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