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Models for Resource Allocation Decisions: A Case of Liquefied Petroleum Gas (LPG) Cylinder Manufacturing Company

Journal: AIMS International Journal of Management (Vol.4, No. 3)

Publication Date:

Authors : ; ;

Page : 191-205

Keywords : LPP; Theory of Constraints TOC; Standard Accounting Model; Enhanced TOC Model;

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Abstract

The ultimate objective of any firm is to maximize profit though better service or by reducing cost. Here in this paper researchers have made an attempt to study the various models used for resource allocations using case study approach. The company chosen for study is a vendor which is a leading supplier of Liquefied Petroleum Gas cylinders of three different capacities. Here researchers have adopted three models for studies are LPP, Constraint accounting model (TOC) and standard accounting model. The findings of the study indicate that enhanced TOC model being analytically robust is simple and easy to implement in comparison to other two models.

Last modified: 2017-04-26 18:43:01