Bio

Ernest O. Akelo Lecturer in Management Sciences

Ernest joined the School of Business in January 1995. He has been involved in teaching both in the MBA, MA Economics and BCOM programs.

During his 18 years at the school, he has taught a wide range of courses including Business Statistics, Multivariate Analysis, Operations Research, Heuristics and Simulation, Business Modeling, Management Decision Analysis, Quantitative Analysis and Research Methods among others.

Publications


2008

AKELO, EO, NYAMWANGE SO.  2008.  Inventory Management by Simulation Analysis. Paper presented at the 4TH International Operations Research Society of Eastern Africa (ORSEA) Conference, 2008 on . : Erick Onyango Odada Abstract

This paper presents the findings of a study that explored the use of Monte Carlo simulation method to optimally manage inventory in the water equipment industry. The study treated both demand and lead time as stochastic. It proposes an inventory model that will minimize the total inventory costs through simulation analysis while demonstrating how simulation technique can be effectively used to solve inventory management problems

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