A Management Decision Problem in Sugar Industry

D. Sampangi Raman and D. K. Manna

Paradigm, 2003, vol. 7, issue 2, 60-74

Abstract: This article emphasizes the use of scientific methods in management practices through a live decision problem. The problem under consideration is sampling of sugar cane plots for cross-verification of area in order to decide on the subsidy amount to be paid to the farmers. We have built a cost model for the determination of the sample size. It is also shown that the present method of area computation is biased, and the company stands to gain a recurring annual savings to the tune of Rs.2.5 million when the exact method is employed. The management intends to invest a part of this savings towards the development of high-yielding varieties of crop, which will lead to the benefit of farmers directly.

Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0971890720030204 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:padigm:v:7:y:2003:i:2:p:60-74

DOI: 10.1177/0971890720030204

Access Statistics for this article

More articles in Paradigm
Bibliographic data for series maintained by SAGE Publications ().