Reducing production cost and conservation of resources: Perspective to automobile industry
Dr. Ashish Rajendra Mehta
The three major aspects for creating in India requirements are:
1. The existence of goal
2. The search for improvement
3. Long-run success
Two important criteria of long-run success are (a) the probability of survival, and (b) the long-run average rate of growth of performance. One obstacle for the development of industry is resource allocation. Developing in an uncertain environment, and applying methods to the analysis of cost-reduction and conservation of raw material.
An additional theme is that the allocation of resources in an organization is significantly influenced by the growth and development of industry along with progress of society.
Dr. Ashish Rajendra Mehta. Reducing production cost and conservation of resources: Perspective to automobile industry. International Journal of Multidisciplinary Research and Development, Volume 3, Issue 9, 2016, Pages 352-355