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Globematic Science (eBook)

Type: e-book
Genre: Mathematics
Language: English
Price: ₹250
(Immediate Access on Full Payment)
Available Formats: PDF

Description

New Research and Scientific Developments.

About the Author

Served as Professor at Various Renowned Universities in India and Abroad. Presently engaged with innovation and school education.

Book Details

Number of Pages: 114
Availability: Available for Download (e-book)

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Globematic Science

Globematic Science

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fairdeal04 10 years, 2 months ago

Re: Globematic Science

After graduation in mechanical Engineering (1988) I, Prakash Gupta joined my parental business of wholesale marketing of agricultural motors and pump-sets. Within two decades I have expanded my marketing network and in this era of globalization I have huge infrastructure to market electrical goods of many reputed concerns. Recently I got an opportunity to attend a seminar on, “Linear Programming to Plan & Control the Production of an Enterprise” in All India Conference on Production Planning and Control organized by Chhatrapati Shivaji Institute of Technology, Durg – 491 001 (C.G.) on 5th Jan. 2010.
As an entrepreneur I find a distinct application of two elements triangulation theory in determining the development pattern of a new enterprise after it is set in motion. The analysis takes place with respect to following:
a)Time period when investment on infrastructure is in commensurate with the Turnover.
b)Time period when Profit earned is in commensurate with market sales.
To analyze investment on infrastructure with Turnover the solution is as under:
Let If = Proposed investment on infrastructure Say Rs. 20 lacs
Tp = Proposed turnover Say Rs. 50 lacs
T1 = Turnover achieved in stage-I,
T2 = Turnover achieved in stage-II
While applying the theory, we notice that among above parameters, we have following conditional equations
If < T1 < Tp
The graphical solution of targeted turnover To can be determined from following linear in-equations: Tp ≥ 0, T1≥ 0, If ≥ 0 From the plot of two parameters If = Rs. 20 lacs and Tp = Rs. 50 lacs we get T1 = Rs. 34 lacs in the stage-I working. With continuous improvement in planning and execution in stage –II, the turnover will reach to level T2 = Rs. 62 lacs. From above results it is found that the pattern of development follows the turnover progression as 20, 34, 48, 62. After achieving maximum turnover, the infrastructure needs to be modified if turnover is to be further improved.
Similar analysis can be applied with stage-wise profit earned and production desired to efficiently manage the enterprise.
In the 1st stage the plant is expected to work on 60% of its installed capacity. As it is developing stage of a unit experience shows that it is difficult to meet the sales proceed. There will be excess production by way of major component of work in progress. After the desired profit and the sales proceed figures match with each other, the new profit level for Stage II working of the unit is fixed. We get sufficiently good information from two elements triangulation method to control the production at each year of working to bring the unit to maximum profit level and finally to the stage III for diversification.
The fundamental principle of management of an enterprise or engineering project implies, ”Work from Whole to the Part”. Therefore the production control is observed in following sequence:
1. Arrive at suitable figure of annual profit by reliable market survey and Project Report data.
2.Assess daily profit to control daily production
3.Very often determine the market potential enhancement to match the sales.
Thus I find the book on 'Globematic Science is a useful asset for all branches of Engineering students.
Prakash Gupta,
Director Fair Deal Agency, Raipur (C.G.)

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