This document summarizes a study on asset management efficiency of selected cement companies in Tamil Nadu from 1996-1997 to 2005-2006. It used Data Envelopment Analysis to evaluate the efficiency of companies. The analysis found that the cement industry efficiently utilized assets to maximize sales, except during 1997-1998, 1998-1999 and 2002-2003. At the individual company level, India Cements and Madras Cements utilized assets most efficiently. The conclusion is that the industry efficiently used assets to increase sales, with some periods of underutilization due to capacity additions.
Capital structure efficiency of cement industry in tamil naduIAEME Publication
The document summarizes a study on the capital structure efficiency of cement companies in Tamil Nadu over 10 years from 1996-1997 to 2005-2006. The study used Data Envelopment Analysis to evaluate the efficiency of 4 major cement companies - India Cements Limited, Dalmia Cement, Madras Cements Limited, and Chettinadu Cement Corporation Limited. The results showed that the capital structure efficiency scores varied over the years for each company, with most companies having some inefficient years. Cost of funds was found to influence capital structure management efficiency.
Financial performance efficiency of select cement companies in tamil naduIAEME Publication
This document summarizes a research paper that analyzed the financial performance efficiency of select cement companies in Tamil Nadu, India from 1996-1997 to 2005-2006 using data envelopment analysis. The analysis found that the cement industry performance was good in 1997, 1998 and 2004, while performance in other years needed improvement. It was concluded that cement companies need consolidation to become stronger and also focus on export markets in addition to maintaining a good supply chain management strategy. Debt levels were kept low to reduce financing costs.
Management of working capital in national aluminium company 3 (1)prj_publication
This document analyzes working capital management in the National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the impact of working capital management on profitability. The author hypothesizes that cash balances affect operating expenses, provisioning for doubtful debts impacts receivables, inventory levels influence sales, and working capital management impacts profits. Statistical analysis is conducted to test these hypotheses using NALCO's annual reports and secondary data sources.
The Impact of Capital Structure on the Performance of Industrial Commodity an...IJEAB
This paper investigates the impact of capital structure on the performance of commodity and service firms listed on the Vietnamese Stock Exchange. Data used in the paper were collected from the 142 firms listed on Ho Chi Minh and Ha Noi Stock Exchange during time 2009-2015. By using the descriptive statistics and linear regression model, the findings shows that there is negative relationship between capital structure (e.i. STD. LTD and DA) and peformance of the firms (i.e. ROE) for the commodity and services firms listed on two given Stock Exchange Market of Vietnam. Following are possible implications for the study.
Idiosyncratic Effect of Corporate Solvency Management Strategies on Corporate...IOSR Journals
The study identifies and evaluates the association among corporate solvency management strategies and the corporate performance valuation in Chemical industry of Pakistan. The study uses purposive sampling or judgmental sampling for selecting 30 sample companies from the sector; covering 10 years financial statements data ranging from year 2002 to 2011. Balanced panel data is taken for the purpose of study. Levin, Lin & Chu test is used to check the stationarity of data whereas White Test is used to check the heteroskedasticity of data. Panel Least square technique with fixed effects is used to generalize the relationship between studied variables. The study observed that the performance of the chemical sector in terms of market to book value is affected by internal firm and industry specific factors related to solvency management strategic decisions. Findings of the study provide with the overview of historic performance and the potential performance of the selected sector to help policy makers including finance, economics and industry experts for creating value through the idiosyncratic resources.
Women entrepreneurs in beauty clinic industry in tamilnaduiaemedu
This document summarizes a study on women entrepreneurs in the beauty clinic industry in Tamil Nadu, India. The study aimed to identify obstacles faced by women entrepreneurs in beauty parlors and analyze customer satisfaction levels. Data was collected through questionnaires with 350 beauty parlor owners and 450 customers. Factor analysis identified key factors for entrepreneur success including stress handling, commitment, skills optimization, and performance. Multiple regression analysis found pricing strategies, punctuality, quality of work, service quality, facilities, and parking were significant predictors of customer satisfaction. The study concluded that addressing age-specific customer needs and expectations is important to achieve higher satisfaction.
Performance of Power Loom Textiles: A Resource-based ViewAM Publications
Despite increasing attention paid to the Resource-based View (RBV), there is a dearth of empirical evidence
on the interactions among different RBV performance dimensions and their effect on organizational performance.
This paper examines and to extend the literature, by obtaining an understanding of the link between resources,
capabilities and organizational performance in terms of operational performance, financial performance and non
financial performance by using a survey research in the framework of Resource-based View. The RBV involves the
different performance dimensions such as tangible assets, intangible assets and capabilities. Numerous prior studies
have sought to examine the links between resources and organizational performance in particular efficiency by
secondary data and using quantitative methods.
This paper involved a quantitative examination of the relationship between tangibles assets, intangibles assets
and capabilities and organizational performance of power loom textiles of Maharashtra (India). The primary data of
one hundred and sixty power loom textiles of Maharashtra is collected through questionnaire to examine the
relationship between tangibles assets, intangibles assets and capabilities with the operational performance. It also
examines the relationship between operational performance with the organizational performance. This study finds a
positive relationship between performance dimensions and organizational performance. The hypotheses are developed
in the framework of RBV and tested by using the statistical method.
The document summarizes an article from the International Journal of Management that examines optimizing supply chain logistics costs for an automobile OEM. The article uses a Six Sigma approach and transportation models to develop a two-dimensional matrix analyzing how raw material distance and volumetric weight impact logistics costs. It applies a Define-Measure-Analyze-Improve-Control process and tools like fishbone diagrams and Minitab to identify cost reduction opportunities in a pipe manufacturing company's transportation system. A multi-criteria decision model is also formulated to evaluate optimized transportation solutions considering total product costs.
Capital structure efficiency of cement industry in tamil naduIAEME Publication
The document summarizes a study on the capital structure efficiency of cement companies in Tamil Nadu over 10 years from 1996-1997 to 2005-2006. The study used Data Envelopment Analysis to evaluate the efficiency of 4 major cement companies - India Cements Limited, Dalmia Cement, Madras Cements Limited, and Chettinadu Cement Corporation Limited. The results showed that the capital structure efficiency scores varied over the years for each company, with most companies having some inefficient years. Cost of funds was found to influence capital structure management efficiency.
Financial performance efficiency of select cement companies in tamil naduIAEME Publication
This document summarizes a research paper that analyzed the financial performance efficiency of select cement companies in Tamil Nadu, India from 1996-1997 to 2005-2006 using data envelopment analysis. The analysis found that the cement industry performance was good in 1997, 1998 and 2004, while performance in other years needed improvement. It was concluded that cement companies need consolidation to become stronger and also focus on export markets in addition to maintaining a good supply chain management strategy. Debt levels were kept low to reduce financing costs.
Management of working capital in national aluminium company 3 (1)prj_publication
This document analyzes working capital management in the National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the impact of working capital management on profitability. The author hypothesizes that cash balances affect operating expenses, provisioning for doubtful debts impacts receivables, inventory levels influence sales, and working capital management impacts profits. Statistical analysis is conducted to test these hypotheses using NALCO's annual reports and secondary data sources.
The Impact of Capital Structure on the Performance of Industrial Commodity an...IJEAB
This paper investigates the impact of capital structure on the performance of commodity and service firms listed on the Vietnamese Stock Exchange. Data used in the paper were collected from the 142 firms listed on Ho Chi Minh and Ha Noi Stock Exchange during time 2009-2015. By using the descriptive statistics and linear regression model, the findings shows that there is negative relationship between capital structure (e.i. STD. LTD and DA) and peformance of the firms (i.e. ROE) for the commodity and services firms listed on two given Stock Exchange Market of Vietnam. Following are possible implications for the study.
Idiosyncratic Effect of Corporate Solvency Management Strategies on Corporate...IOSR Journals
The study identifies and evaluates the association among corporate solvency management strategies and the corporate performance valuation in Chemical industry of Pakistan. The study uses purposive sampling or judgmental sampling for selecting 30 sample companies from the sector; covering 10 years financial statements data ranging from year 2002 to 2011. Balanced panel data is taken for the purpose of study. Levin, Lin & Chu test is used to check the stationarity of data whereas White Test is used to check the heteroskedasticity of data. Panel Least square technique with fixed effects is used to generalize the relationship between studied variables. The study observed that the performance of the chemical sector in terms of market to book value is affected by internal firm and industry specific factors related to solvency management strategic decisions. Findings of the study provide with the overview of historic performance and the potential performance of the selected sector to help policy makers including finance, economics and industry experts for creating value through the idiosyncratic resources.
Women entrepreneurs in beauty clinic industry in tamilnaduiaemedu
This document summarizes a study on women entrepreneurs in the beauty clinic industry in Tamil Nadu, India. The study aimed to identify obstacles faced by women entrepreneurs in beauty parlors and analyze customer satisfaction levels. Data was collected through questionnaires with 350 beauty parlor owners and 450 customers. Factor analysis identified key factors for entrepreneur success including stress handling, commitment, skills optimization, and performance. Multiple regression analysis found pricing strategies, punctuality, quality of work, service quality, facilities, and parking were significant predictors of customer satisfaction. The study concluded that addressing age-specific customer needs and expectations is important to achieve higher satisfaction.
Performance of Power Loom Textiles: A Resource-based ViewAM Publications
Despite increasing attention paid to the Resource-based View (RBV), there is a dearth of empirical evidence
on the interactions among different RBV performance dimensions and their effect on organizational performance.
This paper examines and to extend the literature, by obtaining an understanding of the link between resources,
capabilities and organizational performance in terms of operational performance, financial performance and non
financial performance by using a survey research in the framework of Resource-based View. The RBV involves the
different performance dimensions such as tangible assets, intangible assets and capabilities. Numerous prior studies
have sought to examine the links between resources and organizational performance in particular efficiency by
secondary data and using quantitative methods.
This paper involved a quantitative examination of the relationship between tangibles assets, intangibles assets
and capabilities and organizational performance of power loom textiles of Maharashtra (India). The primary data of
one hundred and sixty power loom textiles of Maharashtra is collected through questionnaire to examine the
relationship between tangibles assets, intangibles assets and capabilities with the operational performance. It also
examines the relationship between operational performance with the organizational performance. This study finds a
positive relationship between performance dimensions and organizational performance. The hypotheses are developed
in the framework of RBV and tested by using the statistical method.
The document summarizes an article from the International Journal of Management that examines optimizing supply chain logistics costs for an automobile OEM. The article uses a Six Sigma approach and transportation models to develop a two-dimensional matrix analyzing how raw material distance and volumetric weight impact logistics costs. It applies a Define-Measure-Analyze-Improve-Control process and tools like fishbone diagrams and Minitab to identify cost reduction opportunities in a pipe manufacturing company's transportation system. A multi-criteria decision model is also formulated to evaluate optimized transportation solutions considering total product costs.
This document summarizes an article from the International Journal of Management on total quality management (TQM) in the Indian automobile industry. It provides background on the growth of the Indian automotive industry. The study examines employees' perceptions of TQM implementation at small and medium enterprises in the National Capital Region of India. A survey was conducted of 150 employees across various automotive companies to understand their views on factors like training, customer focus, and quality improvement practices. The results provide insight into how TQM is practiced in the Indian automotive sector and opportunities to strengthen quality management approaches.
Modelling of Enablers of Innovation for SMEs: An ISM Approach IRJET Journal
This document presents a study that uses Interpretive Structural Modelling (ISM) to examine the relationships between eight key enablers of innovation for small and medium enterprises (SMEs) in India. The eight enablers identified are: change management, risk taking capacity, funding, availability of trained personnel, customer responsiveness, market, government policy, and legal structure. An ISM approach is applied to develop a model of the contextual relationships between the enablers. The results of the ISM analysis find that change management and risk taking capacity are the highest rated enablers. However, the model is not statistically validated. The study aims to help understand the levels and interactions of factors that enable innovation for S
11.factors affecting employee retention a comparative analysisAlexander Decker
1) The document discusses factors affecting employee retention in two heavy engineering organizations in India.
2) It identifies three key factors for retention in each organization based on surveys of 100 middle managers: competence/relationships, scholastic/future focus, and development/rewards for the first organization and relationship focus, competence/scholastic focus, and rewards for the second.
3) The results indicate these factors play an important role in retention strategies and what middle managers value, though the specific factors differ between similar organizations.
There has been a long time discussions on which costing systems are to adopted in
the Indian Manufacturing Industries especially, the industries involved in Mechanical
Process. Normally, it is understood that a lot many companies is in the Automotive
Engineering Industry in the SME Sector are having their costing done in a traditional
method without having much progress or knowledge in the new way in which costing is
being done elsewhere. On surveying the literature, the author’s found a research gap
that, implementation issues of ABC costing system by the Indian Automotive Engineering
Industry of the SMEs need to be focused and studies need to be entertained. This study
assumes significance due to high prevalence of SME’s, with significant concentration of
automotive engineering industries, which confers a huge relevance to a study of this sort
to make concrete suggestions.
An analytical study on a factors affecting employee retention in it industry ...iaemedu
This document discusses factors affecting employee retention in the IT industry in India. It begins by providing background on the growth and importance of the Indian IT industry. It then discusses the challenges of retaining knowledge workers in the industry. High attrition rates are expensive for companies as they lose skilled employees and institutional knowledge. The document identifies retention of top talent as important for companies through effective talent management strategies. It aims to analyze crucial retention factors and their impact on employees at a major Indian IT company.
This document discusses a study that analyzes the financial health of the Indian logistics industry from 2005-2012 using Altman's Z-score model. The study finds that the average Z-score for selected logistics firms was in the healthy to very healthy range during the study period. The average Z-score increased from 2006 to 2010 when the Indian economy was hit by the global recession, indicating the overall performance of the Indian logistics industry was good. The document reviews previous literature on measuring financial performance and distress using ratios and Z-scores, and outlines the objectives and methodology used in the current study.
A method for business process reengineering based on enterprise ontologyijseajournal
This document proposes a new method for business process reengineering (BPR) based on enterprise ontology. The key aspects of the proposed method are:
1. Using an enterprise ontology model (DEMO) to analyze the current processes, interactions between processes and actors, and information flows.
2. Choosing processes for reengineering based not only on individual processes, but also processes that are closely connected to the initially chosen processes to avoid inconsistencies.
3. Redesigning chosen processes while considering future changes and using simulation to analyze redesigned processes before implementation.
The method is demonstrated on a case study of a company that distributes car body segments. Enterprise ontology is used to model the current system and
Management of working capital in national aluminium companyprjpublications
This document analyzes the working capital management of National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the effectiveness of working capital management on profitability. The document presents statistical analysis and tests hypotheses about the relationship between various working capital components and key metrics like sales, expenses, and profits. Regression analysis is used to analyze the impact of variables like cash balance, provision for doubtful debts, and inventory levels on other factors. The overall objective is to prove the importance of working capital management for NALCO's performance and profitability.
An appraisal on small firms corporate cultureprjpublications
This document discusses the relationship between corporate culture, innovation, and reward systems in small firms. It argues that developing a corporate culture that supports innovation must be accompanied by an appropriate reward system. A study of small firms in Chennai found a statistically significant relationship between corporate cultures that support innovation and reward system features. Most innovative companies have reward systems that encourage and reinforce innovative behaviors that are part of the corporate culture. Statistically significant relationships were also found among innovation rewards, corporate culture, and different features of variable pay systems.
This document summarizes a study on the impact of capital structure on stock prices in the cement sector of Pakistan. The study uses debt to equity ratio, debt to asset ratio, and interest coverage ratio as independent variables to examine their relationship with stock prices of cement companies. Eleven publicly traded cement companies from 2005 to 2009 were analyzed. The results found a negative relationship between capital structure and stock prices, indicating that higher debt is associated with lower stock prices. The document provides background on Pakistan's cement industry and the objectives of the study, which are to examine how firms structure capital, the relationship between capital structure and stock prices, and implications for investors.
Quality issues in outsourcing to China: Is it still a sustainable competitive...Ian McCarthy
Globalisation has made outsourcing to low-cost countries fashionable but firms face several challenges that fade outsourcing fashion.To survive in this outsourcing wave adopting proper sustainable strategy is needed.Using four case studies and four competitive strategies (‘‘Generic Strategies’’,‘‘Sandcone’’,‘‘Core Competences’’and ‘‘Value-Chain Analysis’’),this paper proposes sustainable
competitive advantage framework to over come quality issues in outsourcing to China.
Operational Excellence and Change Management in Malaysia Contextoon fok yew
This document summarizes a research article about operational excellence and change management in Malaysian companies. The researchers developed a conceptual framework that managing organizational change can positively influence operational excellence, but this is dependent on employees being committed to change. They analyzed how factors like leadership, technology, human resources, culture, structure, and strategy relate to managing change and operational excellence. The study focused on electrical and electronics companies in Malaysia, aiming to understand how well they implement change management and achieve operational excellence. It identified gaps in the literature around how different elements of change management collectively influence performance.
A new approach in logistics management just in time-logistics (jit-l)Rika Febriana
This document provides an overview of Just-in-Time Logistics (JIT-L) as a new approach to logistics management. It defines JIT-L as applying the principles of Just-in-Time management to the four main components of logistics: customer service, order processing, inventory management, and transportation management. The document discusses how JIT aims to eliminate waste and improve service quality in supply chains. It argues that applying JIT principles to logistics can provide benefits like identifying waste sources, increasing delivery speed, improving business processes, and strengthening supplier relationships. The information is intended to help logistics companies, manufacturing firms, and academics understand JIT-L.
Improvement of Operational Performance through Value Stream Mapping and Yamaz...Shohag Prodhan
The document discusses improving operational performance in Bangladesh's ready-made garment industry through balancing production line cycle times. It proposes combining value stream mapping and Yamazumi charts to identify wastes, balance lines, and enhance efficiency. The approach is tested on a case study, finding it effective at reducing non-value-added activities, parallelizing workstations, merging workstations, and improving metrics like overall equipment effectiveness and capacity utilization.
Agility Assessment for Enhancing Agility: a Case Study in Food Manufacturing ...IRJET Journal
This document discusses assessing the level of agility in a food manufacturing company in India using fuzzy logic. It begins with an abstract that provides background on the growth of the food industry in India and the need for agility. It then describes the research methodology, which involves selecting a company using a quality award method, developing an agility evaluation system with multiple criteria, and assessing the company's agility index, obstacles, and opportunities for improvement. The case study examines an Indian food company referred to as ABC and calculates its agility score to be 855.5 out of 1000.
The document is a research paper that analyzes the impact of mergers on firm performance in the Indian telecom industry between 2001-2002 and 2007-2008. It begins with an introduction that provides background on mergers and acquisitions (M&A) in general and in the Indian telecom sector specifically. It then reviews prior literature that has examined the effect of M&A on post-merger financial and operating performance, finding mixed and uncertain results. The paper aims to add to this literature by analyzing pre-and post-merger financial and operating variables of telecom companies that merged during the study period in India.
Nilanjan Guha is seeking a position as Head of Procurement or Commercial with an internationally reputed organization in real estate, cement, or chemicals. He has over 20 years of experience in commercial roles, including procurement, logistics, and indirect taxation. Currently he is Deputy Chief Manager of Materials at Simplex Infrastructures Ltd in Kolkata, with a notice period of 2 months.
This document examines the relationship between distribution strategies and competitive advantage in Nigerian Bottling Company. It analyzes three distribution strategies used by Nigerian Bottling Company: branch network strategy, multiple distribution strategy, and electronic distribution strategy. The document reviews literature on distribution strategies and competitive advantage. It then describes the research methodology, which uses a survey design with 281 marketing staff as the sample. Regression analysis is used to analyze the relationship between the distribution strategies and competitive advantage. The findings are expected to help Nigerian Bottling Company understand which distribution strategy provides the most competitive advantage.
The document describes a mathematical model and solution method for a generalized fuzzy assignment problem (FGAP) with restrictions on both job costs and person costs. Costs are represented as trapezoidal fuzzy numbers. The problem is to minimize total assignment cost subject to constraints that the cost of assigning a job cannot exceed the job's cost limit and the cost assigned to a person cannot exceed the person's cost limit based on their qualifications. A judging matrix approach and Yager's ranking method are used to determine if a solution exists. If so, a modified extremum difference method is applied to obtain an initial feasible solution, and a modified incremental method is used to find the optimal solution. The method is demonstrated on a numerical example and the optimal solution
Optimal tuning of pid power system stabilizer in simulink environmentIAEME Publication
This document summarizes a research paper that proposes using an optimal tuning method based on the Ziegler-Nichols tuning rules to determine the parameters of a PID power system stabilizer (PSS) controller in a MATLAB/Simulink model. The paper models a single machine connected to an infinite bus system, adds a PID controller with PSS, and simulates the system under normal load conditions. Simulation results show that the Ziegler-Nichols method yields PID controller parameters that provide better dynamic performance compared to a conventional trial and error approach, with lower overshoot and shorter settling time. The proposed optimally tuned PID-PSS controller thus improves the stability and performance of the synchronous generator in the simulated power system.
Detection and analysis of power quality disturbances under faulty conditions ...IAEME Publication
This document discusses power quality disturbances in electrical power systems. It begins with an introduction that defines power quality and common power quality disturbances. It then discusses how power quality disturbances can be detected and analyzed under faulty conditions in a simulated four bus power system model in MATLAB/Simulink. Various types of faults are created at the load bus, and power quality disturbances are detected at the generator bus. The document provides classification of different types of power quality disturbances based on standards and considers causes and impacts of disturbances on power systems.
This document summarizes an article from the International Journal of Management on total quality management (TQM) in the Indian automobile industry. It provides background on the growth of the Indian automotive industry. The study examines employees' perceptions of TQM implementation at small and medium enterprises in the National Capital Region of India. A survey was conducted of 150 employees across various automotive companies to understand their views on factors like training, customer focus, and quality improvement practices. The results provide insight into how TQM is practiced in the Indian automotive sector and opportunities to strengthen quality management approaches.
Modelling of Enablers of Innovation for SMEs: An ISM Approach IRJET Journal
This document presents a study that uses Interpretive Structural Modelling (ISM) to examine the relationships between eight key enablers of innovation for small and medium enterprises (SMEs) in India. The eight enablers identified are: change management, risk taking capacity, funding, availability of trained personnel, customer responsiveness, market, government policy, and legal structure. An ISM approach is applied to develop a model of the contextual relationships between the enablers. The results of the ISM analysis find that change management and risk taking capacity are the highest rated enablers. However, the model is not statistically validated. The study aims to help understand the levels and interactions of factors that enable innovation for S
11.factors affecting employee retention a comparative analysisAlexander Decker
1) The document discusses factors affecting employee retention in two heavy engineering organizations in India.
2) It identifies three key factors for retention in each organization based on surveys of 100 middle managers: competence/relationships, scholastic/future focus, and development/rewards for the first organization and relationship focus, competence/scholastic focus, and rewards for the second.
3) The results indicate these factors play an important role in retention strategies and what middle managers value, though the specific factors differ between similar organizations.
There has been a long time discussions on which costing systems are to adopted in
the Indian Manufacturing Industries especially, the industries involved in Mechanical
Process. Normally, it is understood that a lot many companies is in the Automotive
Engineering Industry in the SME Sector are having their costing done in a traditional
method without having much progress or knowledge in the new way in which costing is
being done elsewhere. On surveying the literature, the author’s found a research gap
that, implementation issues of ABC costing system by the Indian Automotive Engineering
Industry of the SMEs need to be focused and studies need to be entertained. This study
assumes significance due to high prevalence of SME’s, with significant concentration of
automotive engineering industries, which confers a huge relevance to a study of this sort
to make concrete suggestions.
An analytical study on a factors affecting employee retention in it industry ...iaemedu
This document discusses factors affecting employee retention in the IT industry in India. It begins by providing background on the growth and importance of the Indian IT industry. It then discusses the challenges of retaining knowledge workers in the industry. High attrition rates are expensive for companies as they lose skilled employees and institutional knowledge. The document identifies retention of top talent as important for companies through effective talent management strategies. It aims to analyze crucial retention factors and their impact on employees at a major Indian IT company.
This document discusses a study that analyzes the financial health of the Indian logistics industry from 2005-2012 using Altman's Z-score model. The study finds that the average Z-score for selected logistics firms was in the healthy to very healthy range during the study period. The average Z-score increased from 2006 to 2010 when the Indian economy was hit by the global recession, indicating the overall performance of the Indian logistics industry was good. The document reviews previous literature on measuring financial performance and distress using ratios and Z-scores, and outlines the objectives and methodology used in the current study.
A method for business process reengineering based on enterprise ontologyijseajournal
This document proposes a new method for business process reengineering (BPR) based on enterprise ontology. The key aspects of the proposed method are:
1. Using an enterprise ontology model (DEMO) to analyze the current processes, interactions between processes and actors, and information flows.
2. Choosing processes for reengineering based not only on individual processes, but also processes that are closely connected to the initially chosen processes to avoid inconsistencies.
3. Redesigning chosen processes while considering future changes and using simulation to analyze redesigned processes before implementation.
The method is demonstrated on a case study of a company that distributes car body segments. Enterprise ontology is used to model the current system and
Management of working capital in national aluminium companyprjpublications
This document analyzes the working capital management of National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the effectiveness of working capital management on profitability. The document presents statistical analysis and tests hypotheses about the relationship between various working capital components and key metrics like sales, expenses, and profits. Regression analysis is used to analyze the impact of variables like cash balance, provision for doubtful debts, and inventory levels on other factors. The overall objective is to prove the importance of working capital management for NALCO's performance and profitability.
An appraisal on small firms corporate cultureprjpublications
This document discusses the relationship between corporate culture, innovation, and reward systems in small firms. It argues that developing a corporate culture that supports innovation must be accompanied by an appropriate reward system. A study of small firms in Chennai found a statistically significant relationship between corporate cultures that support innovation and reward system features. Most innovative companies have reward systems that encourage and reinforce innovative behaviors that are part of the corporate culture. Statistically significant relationships were also found among innovation rewards, corporate culture, and different features of variable pay systems.
This document summarizes a study on the impact of capital structure on stock prices in the cement sector of Pakistan. The study uses debt to equity ratio, debt to asset ratio, and interest coverage ratio as independent variables to examine their relationship with stock prices of cement companies. Eleven publicly traded cement companies from 2005 to 2009 were analyzed. The results found a negative relationship between capital structure and stock prices, indicating that higher debt is associated with lower stock prices. The document provides background on Pakistan's cement industry and the objectives of the study, which are to examine how firms structure capital, the relationship between capital structure and stock prices, and implications for investors.
Quality issues in outsourcing to China: Is it still a sustainable competitive...Ian McCarthy
Globalisation has made outsourcing to low-cost countries fashionable but firms face several challenges that fade outsourcing fashion.To survive in this outsourcing wave adopting proper sustainable strategy is needed.Using four case studies and four competitive strategies (‘‘Generic Strategies’’,‘‘Sandcone’’,‘‘Core Competences’’and ‘‘Value-Chain Analysis’’),this paper proposes sustainable
competitive advantage framework to over come quality issues in outsourcing to China.
Operational Excellence and Change Management in Malaysia Contextoon fok yew
This document summarizes a research article about operational excellence and change management in Malaysian companies. The researchers developed a conceptual framework that managing organizational change can positively influence operational excellence, but this is dependent on employees being committed to change. They analyzed how factors like leadership, technology, human resources, culture, structure, and strategy relate to managing change and operational excellence. The study focused on electrical and electronics companies in Malaysia, aiming to understand how well they implement change management and achieve operational excellence. It identified gaps in the literature around how different elements of change management collectively influence performance.
A new approach in logistics management just in time-logistics (jit-l)Rika Febriana
This document provides an overview of Just-in-Time Logistics (JIT-L) as a new approach to logistics management. It defines JIT-L as applying the principles of Just-in-Time management to the four main components of logistics: customer service, order processing, inventory management, and transportation management. The document discusses how JIT aims to eliminate waste and improve service quality in supply chains. It argues that applying JIT principles to logistics can provide benefits like identifying waste sources, increasing delivery speed, improving business processes, and strengthening supplier relationships. The information is intended to help logistics companies, manufacturing firms, and academics understand JIT-L.
Improvement of Operational Performance through Value Stream Mapping and Yamaz...Shohag Prodhan
The document discusses improving operational performance in Bangladesh's ready-made garment industry through balancing production line cycle times. It proposes combining value stream mapping and Yamazumi charts to identify wastes, balance lines, and enhance efficiency. The approach is tested on a case study, finding it effective at reducing non-value-added activities, parallelizing workstations, merging workstations, and improving metrics like overall equipment effectiveness and capacity utilization.
Agility Assessment for Enhancing Agility: a Case Study in Food Manufacturing ...IRJET Journal
This document discusses assessing the level of agility in a food manufacturing company in India using fuzzy logic. It begins with an abstract that provides background on the growth of the food industry in India and the need for agility. It then describes the research methodology, which involves selecting a company using a quality award method, developing an agility evaluation system with multiple criteria, and assessing the company's agility index, obstacles, and opportunities for improvement. The case study examines an Indian food company referred to as ABC and calculates its agility score to be 855.5 out of 1000.
The document is a research paper that analyzes the impact of mergers on firm performance in the Indian telecom industry between 2001-2002 and 2007-2008. It begins with an introduction that provides background on mergers and acquisitions (M&A) in general and in the Indian telecom sector specifically. It then reviews prior literature that has examined the effect of M&A on post-merger financial and operating performance, finding mixed and uncertain results. The paper aims to add to this literature by analyzing pre-and post-merger financial and operating variables of telecom companies that merged during the study period in India.
Nilanjan Guha is seeking a position as Head of Procurement or Commercial with an internationally reputed organization in real estate, cement, or chemicals. He has over 20 years of experience in commercial roles, including procurement, logistics, and indirect taxation. Currently he is Deputy Chief Manager of Materials at Simplex Infrastructures Ltd in Kolkata, with a notice period of 2 months.
This document examines the relationship between distribution strategies and competitive advantage in Nigerian Bottling Company. It analyzes three distribution strategies used by Nigerian Bottling Company: branch network strategy, multiple distribution strategy, and electronic distribution strategy. The document reviews literature on distribution strategies and competitive advantage. It then describes the research methodology, which uses a survey design with 281 marketing staff as the sample. Regression analysis is used to analyze the relationship between the distribution strategies and competitive advantage. The findings are expected to help Nigerian Bottling Company understand which distribution strategy provides the most competitive advantage.
The document describes a mathematical model and solution method for a generalized fuzzy assignment problem (FGAP) with restrictions on both job costs and person costs. Costs are represented as trapezoidal fuzzy numbers. The problem is to minimize total assignment cost subject to constraints that the cost of assigning a job cannot exceed the job's cost limit and the cost assigned to a person cannot exceed the person's cost limit based on their qualifications. A judging matrix approach and Yager's ranking method are used to determine if a solution exists. If so, a modified extremum difference method is applied to obtain an initial feasible solution, and a modified incremental method is used to find the optimal solution. The method is demonstrated on a numerical example and the optimal solution
Optimal tuning of pid power system stabilizer in simulink environmentIAEME Publication
This document summarizes a research paper that proposes using an optimal tuning method based on the Ziegler-Nichols tuning rules to determine the parameters of a PID power system stabilizer (PSS) controller in a MATLAB/Simulink model. The paper models a single machine connected to an infinite bus system, adds a PID controller with PSS, and simulates the system under normal load conditions. Simulation results show that the Ziegler-Nichols method yields PID controller parameters that provide better dynamic performance compared to a conventional trial and error approach, with lower overshoot and shorter settling time. The proposed optimally tuned PID-PSS controller thus improves the stability and performance of the synchronous generator in the simulated power system.
Detection and analysis of power quality disturbances under faulty conditions ...IAEME Publication
This document discusses power quality disturbances in electrical power systems. It begins with an introduction that defines power quality and common power quality disturbances. It then discusses how power quality disturbances can be detected and analyzed under faulty conditions in a simulated four bus power system model in MATLAB/Simulink. Various types of faults are created at the load bus, and power quality disturbances are detected at the generator bus. The document provides classification of different types of power quality disturbances based on standards and considers causes and impacts of disturbances on power systems.
This document discusses how QR (Quick Response) codes can be used by academic libraries to reach mobile users and enhance library services. It provides an overview of a case study of the PUMBA Library at the University of Pune, which implemented QR codes to provide mobile access to online journals, a university song video, and other resources. The document also defines what a QR code is, the different types of information they can contain, examples of their use, and how QR codes can help increase the physical use of libraries and engage users on mobile devices.
Experimental investigation on thermal electric and dielectric characterizatio...IAEME Publication
This document reports on an experimental study that investigated the effects of different types and concentrations of cost-effective nanoparticles on the thermal, electrical, and dielectric properties of polypropylene nanocomposites. Dielectric spectroscopy was used to measure the relative permittivity and loss tangent of polypropylene samples with and without nano-fillers at various frequencies and temperatures. The results showed that the addition of clay or fumed silica nanoparticles in concentrations of 1-10% by weight can impact the dielectric behavior and resistivity of the polypropylene composites depending on the nanoparticle type, concentration, and temperature of the nanocomposite.
This document discusses:
1) A fuzzy logic approach for model reference adaptive control (MRAC) using the MIT rule for a second order system in the presence of first and second order noise.
2) The mathematical modeling of an MRAC scheme for the MIT rule in the presence of first and second order noise applied to a second order system.
3) The simulation results showing that the system remains stable for varying adaptation gain values with and without noise.
Application of vsm (lean tool) in indian tyre indusrty ( published at procee...rksai22
This document summarizes a case study on applying the lean tool of value stream mapping (VSM) in an Indian tyre manufacturing unit. The study developed a current state map by observing material and information flows and cycle times. Opportunities for improvement were identified, such as increasing tyre building production and reducing tyre curing cycle time. A future state map was then developed. The case study found that VSM is a useful lean tool for redesigning production systems to improve productivity and meet increasing customer demand. However, the study was limited to a single motorcycle tyre plant.
Assets performance of the select cement companies in tamilnaduIAEME Publication
The document analyzes trends in asset performance of select cement companies in Tamil Nadu, India from 1996-2006 using trend analysis. It finds that:
1) The value of land held increased significantly over the period as companies purchased land for new plants and mining in anticipation of future expansion.
2) Investment in plant and machinery increased threefold as companies undertook capacity expansion and ordered new plants.
3) Stock levels rose positively as it is necessary for cement factories in the region to hold higher inventories of raw materials like limestone due to factors like remote mining locations.
This document discusses using multiple criteria decision analysis methods like DEA and TOPSIS to evaluate the performance of steel companies. It outlines objectives to identify major steel industry players and attributes, employ DEA and TOPSIS for evaluation, collaborate the results using ERM-DT, and compare methodologies. Literature on steel industry performance evaluation and challenges are reviewed. The methodology section describes using DEA, a linear programming technique comparing each decision making unit to the best, and TOPSIS, which selects the alternative closest to the ideal solution.
Size and operational performance of manufacturing companies in pakistan using...Alexander Decker
This study uses data envelopment analysis to evaluate the efficiency of 49 manufacturing companies in Pakistan from 2008 to 2010. Three inputs (raw materials, staff expenses, and plant/machinery) and two outputs (net sales and earnings after tax) are used. Companies are categorized as large (assets over $100M), medium ($30-100M assets), or small (under $30M assets). The results show that small companies have the highest relative efficiency, and 2 large, 3 medium, and 5 small companies operate at the most productive scale size throughout the period.
Working capital management and profitability an empirical analysisIAEME Publication
This document summarizes a study examining the relationship between working capital management and profitability among Indian manufacturing firms. The study uses financial data from 1,198 manufacturing firms over a 5-year period. Correlation analysis found negative relationships between measures of working capital management (debtor's days, inventory days, creditor's days, cash conversion cycle) and firm profitability. Regression analysis will further examine these relationships to determine how adjusting elements of working capital management could impact profitability. The results aim to provide Indian manufacturers insights on variables that influence their profits.
This document summarizes a research study on the relationship between working capital management and profitability among Indian manufacturing firms. The study uses financial data from 1,198 manufacturing firms over a 5-year period. The study aims to analyze how variables affecting working capital management influence firm profitability. Specifically, it examines the impact of days of debtors, days of inventory, days of creditors, and cash conversion cycle on profitability. The results of the study provide insights for Indian manufacturing firms on managing working capital to improve profitability.
Working capital management profitability an empirical analysisIAEME Publication
This document summarizes a study examining the relationship between working capital management and profitability among Indian manufacturing firms. The study uses financial data from 1,198 manufacturing firms over a 5-year period. Correlation analysis found negative relationships between measures of working capital management (debtor's days, inventory days, creditor's days, cash conversion cycle) and firm profitability. Regression analysis will further examine these relationships to determine how adjusting elements of working capital management could impact profitability. The results aim to provide Indian manufacturers insights on variables that influence their profits.
This document discusses implementing lean philosophy in aircraft maintenance to eliminate waste. It first reviews literature on lean implementation in various industries. It then describes the problem environment of aircraft maintenance processes and provides an overview of lean philosophies, including defining value-adding, non-value-adding and necessary but non-value adding activities. It presents a case study of an aircraft industry in India and discusses observed non-value adding activities like frequent inspections increasing service time and long set-up times of components. Finally, it proposes using value stream mapping to visualize the current process and identify sources of waste to guide improving the future state.
This document discusses implementing lean philosophy in aircraft maintenance to eliminate waste. It reviews literature on applying lean principles in manufacturing. The author proposes using value stream mapping to visualize non-value added activities in a maintenance organization's processes. A case study of an aircraft industry applying lean is described. The paper concludes lean implementation can optimize maintenance operations with minimal investment.
This document summarizes a research paper that explored total quality management (TQM) and supply chain management (SCM) enablers. The paper identified the most commonly cited TQM enablers from literature as top management commitment, customer satisfaction, empowerment, teamwork, training, and culture change. The most widely cited SCM enablers were customer relationship, information sharing, top management leadership, strategic supplier relationship, material flow management, and authentic partnership. By comparing the TQM and SCM enablers, the paper found that top management commitment and customer satisfaction were the two most important enablers cited for both TQM and SCM strategies.
The document is a project report analyzing the financial statements of Tata Motors for the years 2018-2020. It includes financial data from the income statement and balance sheet, as well as calculations and analysis of key financial ratios such as current ratio, quick ratio, cash ratio, inventory turnover ratio, receivables turnover ratio, debt ratio, time interest earned ratio, return on equity ratio, return on assets ratio, and profit margin ratio. The analysis found declining current and quick ratios from 2018-2020, fluctuating inventory turnover ratios, and mostly negative or declining profitability ratios from 2018-2020, indicating financial challenges for Tata Motors over this period.
Operational efficiency and times series changes in taico bank – auto regressi...iaemedu
This document summarizes a research study on the operational efficiency and time series changes of the Tamilnadu Industrial Cooperative Bank (TAICO Bank) in India over an 11-year period from 1998-2009. The study uses an Auto Regressive Integrated Moving Average (ARIMA) model to analyze changes in 5 key variables (operating profit, operating expenses, capital employed, interest expenses, and gross income) and identify trends. The results of the ARIMA model show significant changes in the 5 variables, with an average annual increase of 11.14%. It is concluded that TAICO Bank has performed financially well over the period of analysis with increasing operational performance.
Super SBM and GM 1,1 Model Approaches for Global Automobileijtsrd
In the success of many enterprises, the development orientation in the future is an important role. The study measures the performance and ranks the automotive companies around the world by the integration of GM 1,1 model in grey theory and Super SBM model in data development analysis DEA . GM 1,1 model is used for predicting the input variables and output variables in the future time. And then, the super SBM model was used for calculating the efficiency score of each automotive company in every term. Estimated values are standard when their average MAPEs are under 38.332 . The empirical results indicate that four good automotive companies attained efficiency in the previous time seven good automotive companies are expected to reach the performance in the future time. The research presents an overview observation of the automotive industry around the world. Thi-Nguyen Nguyen | The-Vinh Do | Quoc-Chien Luu "Super-SBM and GM (1,1) Model Approaches for Global Automobile" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-1 , December 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47880.pdf Paper URL: https://www.ijtsrd.com/management/strategic-management/47880/supersbm-and-gm-11-model-approaches-for-global-automobile/thinguyen-nguyen
The document summarizes an article from the International Journal of Management that proposes using a Six Sigma approach and transportation models to optimize supply chain logistics costs for an automotive OEM. Specifically, it develops a two-dimensional matrix model using the distance and volumetric weight of components to minimize logistics costs. It also discusses using multi-criteria decision making tools like AHP and genetic algorithms to evaluate multiple objectives and optimization of the transportation model.
Creating superior operational performance through total quality management pr...Alexander Decker
This document summarizes a study that investigated the effect of total quality management (TQM) practices on operational performance at manufacturing companies in Surabaya, Indonesia. The study classified critical TQM practices into three factors: strategic, tactical, and operational. A questionnaire was distributed to 118 medium and large manufacturing companies. Data analysis found that tactical factors were the strongest predictor of operational performance. Overall, TQM practices had a positive effect on operational performance, with tactical factors playing a particularly important role. The study provides empirical evidence on the relationship between TQM practices and operational performance at manufacturing companies.
Barriers and enablers in implementation of lean six sigma in indian manufactu...iaemedu
This document discusses barriers and enablers to implementing Lean Six Sigma in Indian manufacturing industries. It provides background on Lean Six Sigma and its benefits when implemented in manufacturing. The objectives of the study are to examine perceptions of employees in various manufacturing sectors on key factors for Lean Six Sigma implementation and to understand barriers and enablers. A survey was conducted of 62 employees across 7 manufacturing sectors using a Likert scale questionnaire regarding critical success factors. Data analysis included chi-square testing to determine relationships between responses and barriers/enablers. The document provides details of the survey and statistical analysis of employee perceptions on factors such as training, open communication, leadership knowledge, and customer satisfaction monitoring.
Barriers and enablers in implementation of lean six sigmaiaemedu
This document discusses barriers and enablers to implementing Lean Six Sigma in Indian manufacturing industries. It provides background on Lean Six Sigma and its benefits when implemented in manufacturing. The objectives of the study are to examine perceptions of employees in various Indian manufacturing sectors on key factors for Lean Six Sigma implementation and to identify relationships between these factors and barriers or enablers. A survey was conducted of employees in 7 manufacturing sectors to understand their views on critical success factors for Lean Six Sigma. Statistical analysis was performed on the survey results.
Barriers and enablers in implementation of lean six sigma in indian manufactu...IAEME Publication
This document discusses barriers and enablers to implementing Lean Six Sigma in Indian manufacturing industries. It provides background on Lean Six Sigma and its benefits when implemented in manufacturing. The objectives of the study are to examine perceptions of employees in various Indian manufacturing sectors on key factors for Lean Six Sigma implementation and to understand barriers and enablers. A survey was conducted of 62 employees across 7 manufacturing sectors using a Likert scale questionnaire regarding critical success factors. Data analysis included chi-square testing to determine relationships between responses and barriers/enablers. The study aims to help Indian manufacturing increase competitiveness and quality while reducing waste.
Barriers and enablers in implementation of lean six sigma in indian manufactu...IAEME Publication
This document discusses barriers and enablers to implementing Lean Six Sigma in Indian manufacturing industries. It provides background on Lean Six Sigma and its benefits when implemented in manufacturing. The objectives of the study are to examine perceptions of employees in various manufacturing sectors on key factors for Lean Six Sigma implementation and to understand barriers and enablers. A questionnaire was administered to 62 employees across 7 manufacturing sectors to understand their views on critical success factors. Data analysis included chi-square tests to understand relationships between responses and barriers/enablers. The study aims to help improve implementation of Lean Six Sigma in Indian manufacturing.
Barriers and enablers in implementation of lean six sigmaiaemedu
This document discusses barriers and enablers to implementing Lean Six Sigma in Indian manufacturing industries. It provides background on Lean Six Sigma and its benefits when implemented in manufacturing. The objectives of the study are to examine perceptions of employees in various manufacturing sectors on key factors for Lean Six Sigma implementation and to understand barriers and enablers. A questionnaire was administered to 62 employees across 7 manufacturing sectors to understand their views on critical success factors. Data analysis included chi-square tests to understand relationships between responses and barriers/enablers. The study aims to help improve implementation of Lean Six Sigma in Indian manufacturing.
Similar to Asset management efficiency of selected cement companies in tamil (20)
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
2. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
II. REVIEW OF PREVIOUS STUDIES
The use of financial ratios by financial analysts, lenders, academic researchers, and small
business owners has been widely acknowledged in the literature for more than 40 years. It is
acknowledged by the studies of Horrigan (1965), Edmister (1972), Osteryoung & Constand
(1992), Devine & Seaton (1995) and Burson (1998). Financial ratios are used to determine a
company’s strengths and weaknesses. A fundamental definition of any profit-seeking business is
an entity that acquires resources in order to generate profits through the production and sale of
goods and/or services. Ratios show important relationships between a firm’s resources and its
financial flows.
Manandhar and Tang (2002) incorporated intangible aspects, e.g. the internal service
quality, into DEA. They considered internal service quality, operating efficiency and profitability
as dimensions of performance.
Portela and Thanassoulis (2007) analyzed the three dimensions of branch performance:
Usage of new transaction channels, efficiency in increasing sales and customer base and
generating profits. Relations between operational and profit efficiencies and also transactional
and operational efficiencies were identified. Comparison of different dimensions allows us to see
superior and inferior branches. They found positive links between operational and profit
efficiency and also between transactional and operational efficiency. Service quality is positively
related with operational and profit efficiency.
Giokas (2008) also studied the efficiency of 44 branches in Greece by searching three
perspectives: Efficiency in managing the economic record of the branches (production
efficiency), efficiency in meeting the demand for transactions with customers (transaction
efficiency) and efficiency in generating profits (profit efficiency). All models indicated that there
is a scope for substantial efficiency improvements and again all models identified essentially the
same worst performing branches.
Gaganis et al. (2009) examined the profit efficiency, the effect of risk factor (loan loss
provisions) on profit efficiency and the Total Factor Productivity (TFP) change. In the second
stage they analyzed the impact of some internal and external parameters, such as personnel,
income per capita, loans to total assets ratio, loans to deposit ratio, return on assets, on efficiency.
James Clausen (2009) denotes that about the total asset ratio. The calculation uses two
factors, total revenue and average assets to determine the turnover ratio. When calculating for a
particular year, the total revenue for that year is used. Instead of using the year ending asset total
from the balance sheet, a more accurate picture would be to use the total average assets for the
year. Once the average assets are determined for the same time period that revenue is compared,
the formula for calculating the asset turnover ratio is. Total Revenue / Average Assets = Asset
Turnover Ratio.
Paradi et al (2010) evaluated the bank branch efficiency in two stages. From the point
that a single perspective evaluation cannot fully reflect a branch’s multi-function nature, they first
measured production, profitability and intermediation efficiency of branches and then aggregated
the results with modified Slack Based Model to generate a composite performance index for each
branch.
III. METHODOLOGY
The pooled data collection is to assess the impact of regulation on performance of cement
companies in Tamil Nadu over the time horizon viz., 1996-97 to 2005-06. The approach to
macroeconomic variables is time series. The design of the study is based on the secondary
sources of information on financial data. The secondary data is practically, a quantitative method
that requires standardized information in order to define or describe variables or to study the
relationships between the variables.
176
3. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
The data was tested for suitability using simple statistical tools such as standard
deviation, standard error of the sample. Due to non- accessibility of sensitive company data,
the effect of window dressing could not be ascertained. However , Data was accepted as
these were frequently inspected by SEBI and Institute of Charted Accountants of India .
The study, it was felt, will be useful if the random sample drawn from the population of cement
industry in the state of Tamil Nadu.
T he present study includes India Cements Limited (ICL), Dalmia Cement (Bharat)
Limited (DCL), Madras Cements Limited (MCL) and Chettinadu Cement Corporation Limited
(CCCL). Data first analyzed and experimented using non- parametric econometric Data
Envelopment Analysis (DEA) programming approach for Scale efficiency.
IV. RESULTS AND DISCUSSION
Table (1) and figure (1) reveal the Asset efficiency score of ICL. DEA measures
efficiency of a Decision Making Unit (DMU) by maximizing the ratio of weighted outputs over
weighted inputs. This ratio is normalized according to best practical peers and efficiency is
calculated to be between 0 and 1, as 1 representing efficient unit. The efficient years (1996-1997-
2000-2001 and 2002-2003-2005-2006) have scores one which states that the ICL efficiently
managed their total assets in these period. India Cements Limited (ICL) efficiently managed the
Total Assets during the study period except in the year 2001-2002. The value 0.9611 is the
inefficient score of the year 2001-2002 means that its output can simultaneously be increased by
4.04%. The Data Envelopment Analysis clearly states that the ICL is the most efficient company
in so for as asset utilization is concerned.
Table 1. Asset Utilization Efficiency Scores of India Cements Limited (ICL), Dalmia
Cement (Bharat) Limited (DCL), Madras Cements Limited (MCL) and Chettinadu Cement
Corporation Limited (CCCL) in Tamil Nadu.
Efficiency Scores
Year/ ICL DCL MCL CCCL Sample
Company Industry
1996 1.0000 1.0000 1.0000 1.0000 1.0000
1997 1.0000 1.0000 1.0000 0.9691 0.8890
1998 1.0000 0.9334 1.0000 1.0000 0.8517
1999 1.0000 0.9578 1.0000 0.9758 1.0000
2000 1.0000 0.9658 1.0000 1.0000 1.0000
2001 0.9611 1.0000 0.9616 1.0000 1.0000
2002 1.0000 0.9043 1.0000 0.8389 0.9128
2003 1.0000 1.0000 1.0000 1.0000 1.0000
2004 1.0000 1.0000 1.0000 1.0000 1.0000
2005 1.0000 1.0000 1.0000 1.0000 1.0000
Inputs: Land, Building, Plant, Furniture, Vehicle, Other Fixed Assets, Stock, Cash and Debtors
Output: Sales
Model : Output oriented model
Scale : Constant returns- to- Scale
Source: Published Annual Reports of the companies, KonSI DEA Analysis for Benchmarking
Software Professional Version.
177
4. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
Table (1) and figure (2) reveal the Asset efficiency score of DCL. The efficient years (1996-1997,
1997-1998, 2001-2002 and 2003-2005) have scores one. The value 0.9043 is the inefficient score of
the year 2002-2003 means that its output can simultaneously be increased by a factor of 10.58%. This
is mainly due to capacity addition to the existing facility and also the company has to develop its
Current Asset Management. If the assets are efficiently used then the DCL can increase the sales.
Figure 1: Asset Utilization Efficiency Scores of India Cements Limited
Efficie ncy S cor e of India C e me nts L imite d
1.0
0.8
Efficiency Score
0.6
0.4
0.2
0.0
1996 1997 1998 1999 2000 2001 2002 200 3 200 4 200 5
Year
Figure 2: Asset Utilization Efficiency Scores of Dalmia Cement (Bharat) Limited
Efficiency Score of Dalmia Cement (Bharat) Limited
1.0
0.8
Efficiency Score
0.6
0.4
0.2
0.0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Year
Table (1) and figure (3) expose the asset efficiency score for the MCL. The efficient years
have scores one. The value 0.9616 is the inefficient score of the year 2001 means that its
output can simultaneously be increased by 3.99%. The MCL has efficiently employed their
Assets except 2001-2002. The Data Envelopment analysis is clearly states that the MCL is
next to ICL in so for as asset utilization is concerned.
178
5. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
Figure 3: Asset Utilization Efficiency Scores of Madras Cements Limited
Efficiency Scores of Madras Cements Limited
1.0
0.8
Efficiency Score
0.6
0.4
0.2
0.0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
year
Table (1) and figure (4) reveal the asset efficiency of CCCL. The efficient years (1996-1997,
1998-1999, 2000-2001, 2001-2002 and 2003-2005) have scores one. The value 0.8389 is the
inefficient score of the year 2002 means that its output can simultaneously be increased by a
factor of 19.20%. This is mainly due to capacity addition and the company has efficiently
used their currents asset. Hence the CCCL has to concentrate to improve the Fixed Asset
Management strategy efficiently to maximize the return on shareholders’ wealth through
increasing sales.
Figure 4: Asset Utilization Efficiency Scores of Chettinadu Cement Corporation Limited
Efficiency Score of Chettinadu Cement Corporation Limited
1.0
0.8
Efficiency Score
0.6
0.4
0.2
0.0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Year
179
6. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
From the Data Envelopment Analysis as shown in the Figure 5, Tables 1, 2 and 3 the
conclusion drawn is that the cement industry in Tamil Nadu have efficiently utilized their
fixed asset like land, building, plant, furniture, vehicle etc. and current asset like debtors,
stock cash to maximize the return in the form of sales except during the year 1997-1998,
1998-1999 and 2002-2003. During 1996-97 and 1997-1998 there have been quiet eye
investments in financial assets mainly in plant and machinery which have been underutilized.
This is mainly due to capacity addition to the existing facilities. During 2001-2002, Plant and
Machinery have been largely underutilized. Receivables Management is also not in
satisfactory level. During that year, performance of the cement industry in Tamil Nadu
could have been efficiently had the trade credits have been brought down by at least 30%.
The capacity addition during 1997-1998, 1998-1999 is justified by the improvement in the
efficiency of utilization in the subsequent year. The growth in housing and other
infrastructure sector during 2001-2003, has led to capacity addition during 1997-1998 and
1998-1999. The relaxation in bank finance and lower cost of borrowings for housing has led
to spurt in construction industry.
Table 2: Virtual inputs/ outputs – Industry.
OTHER
FURNI
Year LAND PLANT FIXED
TURE
ASSET
1996-97
16,688.88 0.00% 69,944.43 0.00% 778.42 0.00% 32,960.99 0.00%
1997-98
20,439.64 4.04% 85,489.80 24.24% 943.29 12.03% 39,098.16 0.00%
1998-99
30,173.89 7.97% 123,148.57 14.15% 1,215.94 9.69% 35,453.00 0.00%
1999-00
44,558.03 0.00% 177,648.86 0.00% 1,552.51 0.00% 21,704.35 0.00%
2000-01
48,877.87 0.00% 187,198.87 0.00% 1,830.64 0.00% 20,222.01 0.00%
2001-02
51,024.28 0.00% 196,211.25 0.00% 2,301.89 0.00% 13,001.00 0.00%
2002-03
56,554.25 0.00% 229,555.20 2.00% 1,980.33 18.14% 12,187.17 0.00%
2003-04
57,627.34 0.00% 217,699.87 0.00% 2,442.21 0.00% 14,402.34 0.00%
2004-05
75,490.34 0.00% 303,205.56 0.00% 2,609.01 0.00% 10,559.57 0.00%
2005-06
75,039.51 0.00% 306,725.47 0.00% 2,526.53 0.00% 15,777.17 0.00%
Source: KonSI DEA Analysis for Benchmarking Software Professional Version.
180
7. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
Table 2: (Continued) Virtual inputs/ outputs – Industry.
Year STOCK CASH DEBTORS SALES
1996-97
23,389.57 0.00% 8,565.44 0.00% 6,068.75 0.00% 152,462.63 0.00%
1997-98
28,120.92 4.98% 10,215.32 1.03% 7,420.66 0.00% 183,467.90 12.49%
1998-99
32,307.75 8.76% 10,258.63 14.66% 10,744.13 0.00% 213,718.68 17.41%
1999-00
35,037.20 0.00% 8,511.75 0.00% 15,576.08 0.00% 236,965.33 0.00%
2000-01
41,129.44 0.00% 7,674.86 0.00% 23,072.11 0.00% 248,903.03 0.00%
2001-02
45,106.77 0.00% 8,081.76 0.00% 27,171.79 0.00% 239,680.23 0.00%
2002-03
45,967.76 0.05% 6,788.04 6.47% 23,455.35 30.40% 258,300.13 9.55%
2003-04
39,457.66 0.00% 7,301.09 0.00% 22,447.19 0.00% 255,174.92 0.00%
2004-05
41,082.43 0.00% 9,794.21 0.00% 22,903.79 0.00% 267,541.09 0.00%
2005-06
60,279.77 0.00% 8,622.72 0.00% 29,942.78 0.00% 341,425.59 0.00%
Source: KonSI DEA Analysis for Benchmarking Software Professional Version.
Fig 5: Asset Utilization Efficiency for the Sample Total of Tamil Nadu Cement Industry
Efficiency Score for the Sample Total of Tamil Nadu Cement Industry
1.0
0.8
Efficiency Score
0.6
0.4
0.2
0.0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Year
181
8. International Journal of Management (IJM), ISSN 0976 – 6502(Print), ISSN 0976 –
6510(Online), Volume 4, Issue 1, January- February (2013)
V CONCLUSION
The conclusion drawn is that the cement industry in Tamil Nadu have efficiently
utilized their fixed assets like land, building, plant, furniture, vehicle etc. and current assets
like debtors , stock cash to maximize the return in the form of sales except during the year
1997-1998,1998-1999 and 2002-2003.
However, looking at asset utilization efficiency the individual company level, assets
have been efficiently utilized by Madras Cements and India Cements. Finally, the asset
utilization to generate volume in terms of sales by cement industry in Tamil Nadu will be
satisfactory if the assets are efficiently used.
REFERENCES
1) Banker RD, Charnes A, Cooper WW (1984). Some Models for Estimating Technical
and Scale Inefficiency in Data Envelopment Analysis. Manage. Sci., 30(9):1078-
1092.
2) Burson, R. (1998). Tools you can use for improved ratio analysis, San Diego Business
Journal, Vol. 19, Issue 49, pp. 19-23.
3) Charnes A, Cooper WW, Rhodes E (1978). Measuring the Efficiency of Decision
Making Units. Eur. J. Oper. Res., l: 2(6):429-444.
4) Causen James. (2009). “Basic Accounting 101- Asset Turnover Ratio: Inventory,
Cash, Equipment and Accounts Receivable Analysis”, Journal of asset turnover ratio
5) Devine, K. and Seaton, L (1995). An examination of quarterly financial ratio stability:
Implications for financial decision making, Journal of Applied Business Research,
winter, pp. 81-98.
6) Edmister, R. O. (1972). Financial ratios as discriminant predictors of small business
failure, Journal of Finance, Vol. 27, No. 1, pp. 139-140.
7) Gaganis C, Liadaki A, Doumpos M, Zopounidis C (2009). Estimating and analyzing
the efficiency and productivity of bank branches: Evidence from Greece. Manag.
Financ. 5(2):202-218
8) Giokas DI (2008). Assessing the Efficiency in Operations of a Large Greek Bank
Branch Network Adopting Different Economic Behaviors. Econ. Model. 25(3):559–
574.
9) Horrigan, J. O. (1965) some empirical bases of financial ratio analysis, The
Accounting Review, Vol.40, No. 3, pp. 558-568.
10) Manandhar R, Tang JCS (2002). The evaluation of bank branch performance using
Data envelopment analysis a framework. J. High Technol. Manage. Res., 13(1):1–17.
11) Osteryoung, J. and Constand, R. (1992). Financial ratios in large public and small
private firms, Journal of Small Business Management, pp. 35-47
12) Portela MCAS, Thanassoulis, E (2007). Comparative Efficiency Analysis of
Portuguese Bank Branches. Eur. J. Oper. Res., 177(2): 275 -1288.
13) Paradi JC, Rouattb S, Zhu H (2010). Two-stage evaluation of bank branch efficiency
using data envelopment analysis. Omega. 39(1): 99-109.
182