Authors : P. Jyothi, G.A. Vatsala and Radha Gupta
Abstract: It is known that urbanization, increase in population, unhealthy waste disposal practices, change in lifestyle and change in food habits are mainly responsible for increasing of wastes. Unplanned city faces the problem of huge volume of wastes generation. The increase in wastes leads to environmental pollution. Proper management of wastes is essential to keep environment healthy. Many of the countries are not adopting the proper waste disposal practices. A vendor who collects these wastes, converts the wastes into useful by-products and gets the profit by selling these by-products. Vendors from various companies buy varieties of wastes according to their need and manufacture new products from that waste. Their requirement depends on what type of product they produce. Their production depends on demand in the market. Business of disposal unit is a big challenge because unpredictable changes take place in the market often. We formulate pre-emptive goal programming model by considering some of the important goals to get the most profit. The study deals with goals like maximizing the sales income, minimizing the collection expenses, minimizing the transportation cost, minimizing salary expenses, minimizing the general expenses, maximizing profit of the unit. The study is an attempt of proper financial planning of garbage disposal plant using goal programming approach which is one of the optimization techniques. Proper financial planning will make sure the profit of the unit. The use of TORA Software helped us to find the solution easily.
P. Jyothi, G.A. Vatsala and Radha Gupta, 2017. Financial Planning of the Garbage Disposal Plant Using Mathematical Model. Journal of Engineering and Applied Sciences, 12: 9534-9539.