The effect of materials handling methods on unit costs in synthetic resin manufacturing
type: CreativeWork
description: The objective of the research is to examine the use of bulk materials handling methods, and the effects that the new methods have on the manufacturing cost of manufacturing synthetic resins used for surface coatings. Section 1 explores the background to the research and quantifies and identifies the problems faced by companies during the current economic and trading conditions. It discusses the problems of the acceptance of change by both management and workforce and looks at the implications of the new Environmental Protection Act (1992) with the concomitant effect on plant operating procedures. Advance Manufacturing Technology (A.M.T.) provides ways to improve plant efficiency and the various techniques such as Manufacturing Resource Planning (MRPII), Total Quality Management (TQM), Just in Time (J.I.T.) and Computer Integrated Manufacture (C.I.M.) These are discussed briefly. Section 2 commences the build up of the conceptual framework within which the research will be carried out. Proposals are made for the formulation of Corporate Strategy and the decision making process to undertake capital investment appraisal. Discussions on the basic principles of evaluation leads to the assessment of the methods such as ARR, IRR, NPV and payback available to the decision makers for project appraisal. Risk and uncertainty are introduced at this stage. Finally Sensitivity Analysis, Simulation and Decision Tree Analysis complete the techniques available to examine the effects of uncertainty. Section 3 continues the conceptual build up by considering Portfolio Theory and the Capital Asset Pricing Model (CAPM). The relationship between CAPM and company beta is discussed as is the effect of diversification on the unsystematic risk and the effect of the relationship between beta and the systematic risk. Gearing is shown to have a significant effect. Cost of capital and the weighted average cost of capital (WACC) are also discussed and formula produced for their deviation. Section…
abstract: The objective of the research is to examine the use of bulk materials handling methods, and the effects that the new methods have on the manufacturing cost of manufacturing synthetic resins used for surface coatings. Section 1 explores the background to the research and quantifies and identifies the problems faced by companies during the current economic and trading conditions. It discusses the problems of the acceptance of change by both management and workforce and looks at the implications of the new Environmental Protection Act (1992) with the concomitant effect on plant operating procedures. Advance Manufacturing Technology (A.M.T.) provides ways to improve plant efficiency and the various techniques such as Manufacturing Resource Planning (MRPII), Total Quality Management (TQM), Just in Time (J.I.T.) and Computer Integrated Manufacture (C.I.M.) These are discussed briefly. Section 2 commences the build up of the conceptual framework within which the research will be carried out. Proposals are made for the formulation of Corporate Strategy and the decision making process to undertake capital investment appraisal. Discussions on the basic principles of evaluation leads to the assessment of the methods such as ARR, IRR, NPV and payback available to the decision makers for project appraisal. Risk and uncertainty are introduced at this stage. Finally Sensitivity Analysis, Simulation and Decision Tree Analysis complete the techniques available to examine the effects of uncertainty. Section 3 continues the conceptual build up by considering Portfolio Theory and the Capital Asset Pricing Model (CAPM). The relationship between CAPM and company beta is discussed as is the effect of diversification on the unsystematic risk and the effect of the relationship between beta and the systematic risk. Gearing is shown to have a significant effect. Cost of capital and the weighted average cost of capital (WACC) are also discussed and formula produced for their deviation. Section…
author: Harris, Graham
language: eng
keywords: Materials handling, Synthetic resin manufacturing, Manufacturing processes
date published: 1993-1
date modified: 2026-07-24T04:39:12Z
provider: University of South Wales
publisher: Networked Digital Library of Theses and Dissertations
type: WebPage
source organization: Gwent College of Higher Education