PRODUCTION MANAGEMENT II (QUANTITY DISCOUNT MODEL) ILLUSTRATION

 

Emma and the rest of the class reps are considering organizing a dinner/award night for CDL business Administration Students for the year 2015 set.

The demand from the students is 10,000 units of awards, the quantity Emma is considering producing  is unknown, but the ordering cost by the students is N200.  The cost for producing one award is N50,000, due to the high cost of the ticket of 10% discount. 

As a potential manager, you are required to calculate:

i.                    Total Cost that will take to organize

ii.                  The optimum quantity of award each student is expected to go home  

THE IMPACT OF INFORMATION TECHNOLOGY ON ORGANIZATIONAL PERFORMANCE (A CASE STUDY OF NATIONAL ASSEMBLY SERVICE COMMISSION, ABUJA)

 

ABSTRACT

Globally, information technology has become a key element in economic development of many countries in the world. Over the years, many innovations have taken place in the world, the most striking and most celebrated is the aspect of information technology. This proposed study is to be carried out to ascertain the impact of information technology on organizational performance.  Questionnaires and Oral Interview methods will be used to obtain data for the study and the random sampling procedure will be used also in the selection of respondents from the organizations under study. Simple percentage method of data analysis and chi-square statistics test will be used in analyzing the data obtained. The researcher will commence the write-up with an introduction, statement of the problem, objectives of the study and significance of study. This will be followed by literature review and theoretical framework. The research methodology, data presentation and analysis will be presented thereafter. The study will end with conclusion and recommendations.

THE IMPACT OF UNETHICAL BUSINESS PRACTICES ON THE NIGERIA MANUFACTURING SECTOR ( (A CASE STUDY OF WOOD WORK FURNITURE, ABUJA)

CHAPTER ONE:

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The conduct of business is with respect to Nigerian organizations shrouded in numerous unethical practices. Several cases evidencing this assertion are found in many organizations like banks, manufacturing companies, service oriented organizations, etc. Several cases of bank failures experienced in Nigeria in early 2000s were caused by unethical practices exhibited by employees, management and other stakeholders. Equally, companies like Nigercem, Niger Steel, AVOP, Oghe cashew industry, Ikenga Hotels, Presidential Hotel Enugu, etc, all

failed because of unethical practices in private sector organizations in Nigeria, unethical practices are exhibited by the operators. For instance, some dubious traders in Ogbette market Enugu cheat their customers by using faulty scales in measuring rice, beans and other consumable food items. With respect to banks, there were cases where some bank employees collaborate with some of the directors to embezzle customers’ money entrusted in their care.

UNETHICAL MARKETING PRACTICE

CHAPTER ONE

INTRODUCTION

1.1.    BACKGROUND OF THE STUDY

Advertising as a concept, can be defined as a form of communication through the media about product, services, ideas, personalities or organizations, paid for by an identified sponsor writer Alide in Okunna (2002: 99).

Bovee and Arens (1985) gave a more widely accepted definition of advertising as the non-personal communication of information, usually paid for any usually persuasive in nature about products (goods and services) or ideas by an identified sponsor through various media. It is an exciting, dynamic, and challenging enterprise. Its often a persuasive communication in that it tries to persuade the reader, the listener or the viewer to take to the sponsor’s own point of view and also to take some appropriate action. It is not personal or face to face communication, rather it is directed to a group of people. 

THE IMPACT OF SMUGGLING ON PERFORMANCE OF LOCAL INDUSTRIES (A CASE STUDY OF WOOD WORK FURNITURE, ABUJA)

CHAPTER ONE:

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Smuggling can be defined as the clandestine importation and/or exportation of goods from one place to another. The clandestine operation can involve the importation or exportation of prohibited goods (e.g., drugs) or the evasion of customs duties on legal goods that are liable to duty (e.g., cars, leather, furniture cloths, motor parts etc.). Price disparities and differential customs duties between jurisdictions or across different periods in time determine the likelihood of smuggling (Defiem and Kelly, 2001:473).  It is a criminal act and therefore, illegal because most of the goods being brought in by the smugglers are banned goods. It represents a deviation from social norms administered by a country (Schaefer, 2001: 185). The main characteristic of crime is that it negates laws enacted by the government, acting as the representative of the majority of the people (Akinola, 1986: 8). This illegal act, smuggling, may be counted among the oldest forms of deviance (Jütte, 1994). 

IMPACT OF MONETARY INCENTIVE ON ORGANIZATION PERFORMANCE (A CASE STUDY OF FIRST BANK PLC)

CHAPTER ONE:

INTRODUCTION

1.1            BACKGROUND TO THE STUDY        

One of the major problems facing most organizations both public and private sector is how to motivate their employees in order to improve performance. Economy is largely based on the assumption that monetary incentives improve organizational performance. It is generally believed that effect of monetary incentives is unambiguously positive - a large monetary incentive improves employees’ performance.

The issue of organizational performance cannot be over emphasized - the general believe is that employees will not perform to the best of their ability unless they are motivated to do so. Various researchers have come up with various ways to motivate people at work, however, because human beings are different from one another in terms of needs, culture, religion etc. so does what motivate them also varies. Some employees are motivated by financial and other incentives and some non-financial incentives.

RESEARCH PROPOSAL-IMPACT OF MONETARY INCENTIVE ON ORGANISATION PERFORMANCE (A CASE STUDY OF FIRST BANK OF NIGERIA PLC, ABUJA)

ABSTRACT

The success of an organization in realizing its objectives heavily depends on the performance of its employees. Performance is considered to be related with the concepts of ability, opportunity and motivation. There are many contemporary research studies supporting the effectiveness of monetary incentives as a motivating tool on organization’s performance. There has been controversy as to whether employees are motivated by monetary incentive.  This proposed research work attempts to delve   into the use of monetary incentives on organizations performance. Questionnaire method will be used to obtain data for the study and the random sampling procedure will be used also in the selection of respondents from the organizations under study. Simple percentage method of data analysis and chi-square statistics test will be used in analyzing the data obtained. The researcher will commence the write-up with an introduction, statement of the problem, objective of the study and significance of study. This will be followed by literature review and theoretical framework. The research methodology, data presentation and analysis will be presented thereafter. The study will be ended with conclusion and recommendations. Based on the analysis of the responses, the following will be identified: that gender, employee’s status, organization performance and preference for monetary or non-monetary incentives.

PROJECT AND PROJECT SCHEDULING IN PRODUCTION MANAGEMENT II (500L)

 

Question:

How can you define Project and Project Scheduling? Discuss briefly the special sources of problems involved in project implementation.

Solution:

A project can be defined as a scientifically evolved work plan, devised to achieve a specific objective within a specified period of time.

Projects differ in shape, nature, objective and complexity.  Every Project must necessarily conform to some three basic attributes of having:

-      A source of action

-      Having specific objectives

-      Involving a definite time perspective

Hence, a project could best be conceived as a work plan devised through some elements of scientific investigation and analysis designed to achieve a set objective within a certain period. 

A number of techniques and mathematical tools like the Gantt and other Network techniques have been used to attempt a systematic analysis and management of projects with varying degrees of success and failure. 

PRODUCTION MANAGEMENT II (PRODUCTION LOT SIZE MODEL)

ILLUSTRATION

Suppose a firm has an annual demand for goods produce at 6,500 units.  The set up cost for each production run is assumed to be N200.  Inventory carrying cost per unit per year is N3.20k, the production rate is 12,500 units per year.

Assume 250 operating days per year:

i.             Calculate the optimal production lot size

ii.            The length in days between the start of each production

iii.           The optimal numbers of production run 

SOLUTION:

PRODUCTION MANAGEMENT II (NON INSTANTANEOUS MODEL)

Q = Number of Pieces per order

Cc=Carrying Cost

P=Daily Production Rate

D=Daily Demand Rate

T=Length of The Production in days

Co=Order Cost

Please, kindly memorize the above.

Below is the formula for this topic:

Formula 1.           TC = Co  . P + Cc   . Q (1-d)

                                             Q              2      p

TC means Total Cost:  The dot, means multiplication.

Formula2: Q = √2CoD

                       Cc (1-d)

                                  P

Illustration:

Assume the values for the model parameters are as follows:

1.       Ordering cost per order = 0.50k

2.       Carrying cost per unit, inventory per year N100

3.       Annual demand = N4,900

4.       Annual production rate = N9,800 unit

CORPORATE & STRATEGIC MANAGEMENT (Questions and answers)

For: Questions and answers email: theotherwomaninmarriage@gmail.com, you can also follow the blog on face book at israelugbo@gmail.com

Question:

Identify 3 (three) core areas of Corporate Strategy

Solution:

Corporate Strategy is concerned with complexity arising out of ambiguous and non-routine situation with organization-wide rather than operation-specific implications.  The strategic manager must develop a capacity to take an overview (hostility approach) of the situation facing the organization.  Not only must the strategic manager be capable of taking decisions about major issues facing the organization, he/she must also ensure that the strategy is implemented.  Corporate Strategy has three main elements within it as shown below:

1. Strategic Analysis 

2. Strategic Development (called Strategic Choice in Johnson & Scholes text)

3. Strategic Implementation 

It is important to note that all three areas may well be happening at the same time for different parts of the organization, I.e. a simultaneous approach.

THE OTHER WOMAN IN MARRIAGE

INTRODUCTION

This book “the Other Woman in Marriage” stresses on “Strange Women” and the marriage institution as a whole.  As we read on, the terms “the Other Woman” and “Strange Woman” will be used interchangeably as they constitute major discourse.  

Disagreements are common between married couples-including very happy ones, but it could be approached in variety of ways. The way and manner couples handle disagreements may well influence their long-term happiness and togetherness.

The ability to handle situations in your marriage makes you a real husband and not a man.  There are plenty men out there and there are husbands out there, too.  Husbands are those who know what marriage is all about.  They know the biblical definition of marriage – marriage is beautiful and is ordained by God. 

Shying away from your responsibilities as a husband only makes you vulnerable to these Strange Women.  Problems are inevitable in a marriage no matter how anointed you are.  In fact, problems are spices that garnish the marriage.  If well handled, it strengthens the marriage - it brings understanding, maturity and unity into the marriage. There must be a problem before victory – you can’t be a victor over nothing. 

PUBLIC RELATIONS AS A TOOL FOR INDUSTRIAL HARMONY: (A CASE STUDY OF FEDERAL MINISTRY OF EDUCATION, ABUJA)

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND TO THE STUDY

The role of public relations is very important in an organization. Public relations is an important area of management on which both business and non-business organizations depend directly or indirectly for their continued existence. Public relations touch all aspect of the corporate life and operations of every organization.

 Public relations have to do with communication, information, internal/external goodwill or reputation and different relationships of all of which every organization needs to continue existing. Public relations hold the key for mutual understanding between the government in contemporary societies and their citizens, other organizations and their international community.

AN APPRAISAL OF SOCIAL RESPONSIBILITY ON CORPORATE ORGANIZATION

CHAPTER ONE

INTRODUCTION

1.1            BACKGROUND OF THE STUDY

Towards   the   end   of   1800’s   to   the   early 1990’s, the mission of business

firms was exclusively economic. During this period, the cardinal purpose of business owners is to make as much profit as possible. To underscore the above assertion, Milton Friedman (1972:88) had contended that the only responsibility of the business is to make as much profit as it can for the owners. Today, partly due to the interdependencies of many groups in our society, the values, goals and attitudes of the society changed significantly. This accounts for the complexity in the society in the area of social, economic as well as environmental problems which have been experienced. 

THE ROLE OF INTERNET IN PROMOTING THE EFFICIENCY IN NIGERIA COMMERCIAL BANK (A CASE STUDY OF STERLING BANK PLC)

CHAPTER ONE:-

INTRODUCTION

1.1     BACK GROUIND TO THE STUDY

Globally, information technology has become a key element in economic development of many countries in the world. Over the years, many innovations have taken place in the world, the most striking and most celebrated is the aspect of the internet. Organizations today are confronted with rapidly changing market condition indicated by high merger rate and strong competitors. Under these conditions, traditional management approaches that focus on financial figures and on centralized, analytical planning methods are considered to be insufficient for effectively steering the organization in dynamic environment. Irechukwu‟ (2000), itemized banking services that have been changed via the use of internet as including opening an account, mandate on customers account, and transaction processing and recording. 

ENTERPRENEURIAL DEVELOPMENT AND ITS IMPACT IN OUR ECONOMY (A CASE STUDY OF EBOYI STATE)

Note: (For Business Admin and Management Project. You can as well change the case study to your locale)

ABSTRACT

This research work has the title. ‘Entrepreneurial Development and its impact in our economy’ this study was embarked upon in order to know the problems militating against entrepreneurship, its source of finance and the roles entrepreneurs play in Eboyi state as a test case.

A good number of works already carried out were reviewed. In order to achieve the set objectives, care was taken in collection of relevant data, using primary and secondary method of data collection such as interviews, questionnaires administration, personal observation and experiences.

Target population was appropriately segmented into sample – size. The researcher tried as much as possible to state the entrepreneurial developments and its impact honour economy bearing in mind the importance of the study.

A CRITICAL APPRAISAL OF THE IMPACT OF FOREIGN EXCHANGE VARIATIONS ON SMALL SCALE BUSINESS ( A CASE STUDY OF PHINA PAINT INDUSTRIES LIMITED, AWKA, ANAMBRA STATE )

(For Business Admin and Management Project. You can as well change the case study to your locale)

ABSTRACT

            The aim is to find out the important of exchange rate variation on small scale industries in Nigeria especial under the tree floating exchange rate system which Nigeria opted for since the last quarter of 1986. A compendium of the research work is t hat exchange rate variation do have grate impact on manufacturing industries. It raises prices of materials inputs, reduces output of manufactures, and reduces demand and capacity utilization of firms especially where the movement (variation) of the exchange rate is against the manufactures country by being demand.

AN APPRAISAL OF SOCIAL RESPONSIBILITY PRACTICE BY NIGERIAN CORPORATE ORGANISATIONS (A CASE STUDY OF ANAMBRA MOTOR MANUFACTURING COMPANY EMENE-ENUGU) (ANAMMCO)

 (For Business Admin and Management Project)

ABSTRACT

This research project concerned the study of an appraisal of business social responsibility practiced by corporate organization.

A case study of Anambra Motor Manufacturing Company (ANAMMCO).  Investigation were made the money to support it should be obtained.

Since the study is aimed at appraising social responsibility practice, by corporate organization.

The main instruments used for the collection of data were questionnaires for primary data both structured and unstructured questions.

Materials from libraries, company records and other research units served as a source of secondary data.

The research ensured that the questionnaire possessed to a large extent the characteristics necessary and adequate for the purpose of validity and reliability.  This tool the form of pilot study to test the usefulness of the instrument.  In my recommendations, the researcher emphasized that no matter how minute social responsibility is, corporate organizations should carry it out in order to improve the environment of the community in which the business operates.