Production strategy.pptx

8/14/2019 Production strategy.pptx

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Welcome To Our

Presentation Session


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Presentation Topic

Production strategy of our own product


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Prepared for:

Ms. Hemin Ashrafe,

Lecturer,

Department of Business Administration


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The Group Members:

MD. Mahbubul Bari

Md. Sayeed Hossen

Mithun Chandra

karmakar Md. Samiul Alam

BBA110103894

BBA090203236

BBA090303252

BBA120104522


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Introduction

Varenicline is classified as a nicotine-

receptor blocker. The drug binds to the

receptors for nicotine within the brain,thus preventing nicotine itself from

binding to those receptors. As a result,

the drug reduces or eliminates the

pleasurable effects people experience

from smoking


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Product review

Product Name: CHANTIX

Product Type: First Anti Nicotine Drug

in Bangladesh.


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The ultimate goal of my business is to

gain profit (max). But I have another

objective and that is the socialresponsiveness. .

Objective of my business:


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Production Technology: computer base

Japanese machine

Chinese machine

Manual

Considering situation: Normal(L=5, C=9)

Bad(L=9, C=9)


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Production Technology:

Cost-Minimizing Choice Among Alternative Technologies (3500

Tablet)

Technology Unit of

Capital

Unit of

Labor

Cost(normal) Cost(bad)

Computer

base

45 18 495 567

Japanese

machine

34 22 416 504

Chinese

machine,

24 32 376 504

Manual 16 40 344 504


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Input of Production:

Each tablet cost:

Clonazepam USP .5mg = .30tk Troxipide .1mg = .15tk

Doxapram Hcl .3mg = .05tk

Anti Nicotinic Formula .3mg = .50tk

Flower .4mg = .01tk

Total = 1.01tk


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Input of Production:

Each tablet : Labor cost = .50 tk

Capital = .30 tk

Total = .80 tk

So that the total cost is = 1.81 tk (variable)

Per day fixed cost is 20000 tk. Per tabletcost is 20000/3500 = 5.71 tk. + 1.81 tk

= 7.52 tk.


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Short run and Long run decision:

Short run cost:

Quantity TVC MC AVC TFC TC AFC ATC

0 0 - - 20000 20000 - -

1 1.81 1.81 1.81 20000 20001.8 20000 20001.8

2 3.6 1.79 1.8 20000 20003.6 10000 10001.8

3 5.2 1.6 1.73333 20000 20005.2 6666.66 6668.4

4 7 1.8 1.75 20000 20007 5000 5001.75


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Production functions for Chintax:

Production function

Labor Unit Total Product

(Tablet per hour)

Marginal product

of Labor

Average product of

labor

0 0 - -

1 5 5 5

2 20 15 10

3 30 10 10

4 35 5 8.75

5 38 3 7.6


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Relationship among- Marginal production, Total

production, Average production:

Output

Labour Unit

Chart Title

Output

Unit of labor

Chart Title


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Relationship among- Marginal production, Total

production, Average production:

Figure 3. Average Product of Labour

Figure 4. Average product vs. Marginal Product

Marginal product of Labor -

Average product of labor -


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Comments:

Comment: The slope of the total product is

highest thus marginal product is highest.

Comment: When average product is maximum,

Marginal product= Average product. When

average product falls marginal product is less

than average product.


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Profit Maximization and cost

minimization strategy:

Increase Revenue [sell more]

Decrease Expenses [cut costs]

Outsource Raise Your Prices

Find A New Energy Supplier

Borrow Best Practices From Others Educate Potential Customers


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Thanks to join

The session

Production strategy.pptx

Documents

Transcript of Production strategy.pptx