DECIDING THE APPROPRIATE PLACE TO SITE A NEW FACILITY.
Badru G. Olabimpe Ademoyegun B. Grace
Abstract:
Problem solving is the process of identifying the difference between the actual state of affairs and the desired state of affairs and then taking specific actions to resolve the difference. For this problem which is new, complex and especially important , all the necessary factors are put into consideration to justify the time and effort of careful analysis
Keywords: problem solving, complex, minimization,
Introduction
Throughout Africa societies that had been predominantly rural for most of their history were experiencing a rapid and profound reorientation of their social and economic lives toward cities …show more content…
The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country's soft drink companies, breweries, and confectioners. The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria and includes: Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. If this industrialist decides to open a new facility in a new place, a lot will have to go into consideration, like capital available for the new project. Lets assume Aliko Dangote has decided to release a sum of $50,000 for the whole project. The project manager is given a time frame of exactly 90days to finish. He then decides to allocate not more than $7,000 to buy the land, the amount allocated to buy equipment should not be more than two times the amount allocated to buy the land for the facility to function, not more than $20,000 should be allocated to erect the structures on the land and the cost of labour should be lower than the amount used to purchase equipment minus the amount used to purchase the …show more content…
The objective of the whole of this is to minimize cost by setting a target and maximizing our capital to its fullest. the four locations given in the table are all very good locations when we talk about industrialization, but some are of better prospects than the other. When prioritizing, Lagos and Port Harcourt are the most industrialised areas, but Lagos has an excellent availability of basic infrastructures compared to Port Harcourt which has a good availability of basic infrastructures, then looking at cheap labour, Lagos gives a good cheap labour, so the project manager doesn’t look further and decides to make a decision on the alternatives after evaluating them properly and decides to choose Lagos as the place to set up the new
Badru G. Olabimpe Ademoyegun B. Grace
Abstract:
Problem solving is the process of identifying the difference between the actual state of affairs and the desired state of affairs and then taking specific actions to resolve the difference. For this problem which is new, complex and especially important , all the necessary factors are put into consideration to justify the time and effort of careful analysis
Keywords: problem solving, complex, minimization,
Introduction
Throughout Africa societies that had been predominantly rural for most of their history were experiencing a rapid and profound reorientation of their social and economic lives toward cities …show more content…
The Dangote Group also dominates the sugar market in Nigeria and is a major supplier to the country's soft drink companies, breweries, and confectioners. The Dangote Group has moved from being a trading company to being the largest industrial group in Nigeria and includes: Dangote Sugar Refinery, Dangote Cement, and Dangote Flour. If this industrialist decides to open a new facility in a new place, a lot will have to go into consideration, like capital available for the new project. Lets assume Aliko Dangote has decided to release a sum of $50,000 for the whole project. The project manager is given a time frame of exactly 90days to finish. He then decides to allocate not more than $7,000 to buy the land, the amount allocated to buy equipment should not be more than two times the amount allocated to buy the land for the facility to function, not more than $20,000 should be allocated to erect the structures on the land and the cost of labour should be lower than the amount used to purchase equipment minus the amount used to purchase the …show more content…
The objective of the whole of this is to minimize cost by setting a target and maximizing our capital to its fullest. the four locations given in the table are all very good locations when we talk about industrialization, but some are of better prospects than the other. When prioritizing, Lagos and Port Harcourt are the most industrialised areas, but Lagos has an excellent availability of basic infrastructures compared to Port Harcourt which has a good availability of basic infrastructures, then looking at cheap labour, Lagos gives a good cheap labour, so the project manager doesn’t look further and decides to make a decision on the alternatives after evaluating them properly and decides to choose Lagos as the place to set up the new