Stock keeping accuracy: A data based investigation of storage tank calibration challenges

Adekitan, Aderibigbe I. and Omoruyi, Osemwegie (2018) Stock keeping accuracy: A data based investigation of storage tank calibration challenges. Data in Brief, 19. pp. 2155-2162.

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Abstract

In fuel dispensing and fuel haulage companies,adequate stock tracking is mandatory for performance and business productivity analysis. Stock monitoring is vital for inventory management;it is a tool that enables adequate planning in terms of importation requirements when stock is low and for general price management. The accuracy of stock inventory depends largely on the accuracy of the calibration data of the various storage tanks and structures deployed along the value chain.Mobile tanks are prone to harsh conditions due to poor road networks in some countries which affect tanker truck alignment and suspension systems,and all these affects tank calibration accuracy.This is further aggravated by various road impacts,and accidents that some times distort portions of the tank shape making it to lose its cylindrical profile in some sections.Excessive stock variations is often linked to product theft and sabotage,though this may be true in some instances, but at times,this variations may be as a resul to finac- curacies in tank calibration.The data set presented in this paper contains tank calibration parameters for two consecutive calibrations carried out on the same mobile storage tank.The statistical analysis attempts to identify variations between the two tank calibration data set as an indication of potential stock accuracy variations.

Item Type:	Article
Uncontrolled Keywords:	Oil and fuel Transportation Storage tank Calibration accuracy Data pattern recognition Stock Accounting
Subjects:	T Technology > T Technology (General) T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions:	Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	31 Jul 2018 15:21
Last Modified:	31 Jul 2018 15:21
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/11278

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