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write a conclusion about the passage

write a conclusion about the passage

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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write a conclusion about the passage
2. Case Study The pharmaceutical formulation production and marketing sector in India was chosen as the case study industry for the maximize profit challenge. The majority of the items are classified as nutritional supplements, cough syrup-expectorant, haematinic syrup, and other types of medicine. Initially, the company's products were only available in Bombay and portions of Maharashtra, Guiarat, Pradesh and Madhya Over the previous ten years, the company has successfully introduced over 15 items and has any nas successsiu increased its marketing by ten times to encompass places such as metropolitan Delhi, Uttar Pradesh's key areas, Rajasthan, Haryana, Karnataka, Goa, Andhra Pradesh, and Kerala. Jenburkt Products were supplied through a large network of stockists and super ladns pur stockists who delivered the products to thousands of retail pharmacy stores. The Covid- 19 issue, and from the other hand, had compelled the firm to fight the matter on its own. The corporation was confronted with the highest degree of demand for the medicine. As a result, the cost of the component must be increased to ensure that the supply does not run out in the event of an emergency and the production of other types of medicine. As a result, the company's cost and profit were not balanced enough to cover the loss. 2.1 Ingredient of the Medicine Pharmacuetical manufacturing is the process of industrial- scale synthesis of pharmaceutical drugs as part of the pharmaceutical industry. We selected one of the main products of the company which is O. Porosys Powder for the case study analysis. O. Porosys Powder is a kind of pharmaceutical powder which is defined as a dry, solid substance, composed of finely divided drugs with or without excipients and intended for internal or external use. It is a solid substance in finely divided state typically obtained by crushing, grinding, or comminuting. Therefore, the packaging of the product is necessary to protect the medicine from damage, germs, outer atmosphere, and bacteria. Packaging in the pharmaceutical industry varies from drug to drug and normally there are three levels of packaging commonly referred to as the primary, secondary, and tertiary packaging. The main type of packaging in our case study analysis is tertiary packaging which is the final packaging process for the product to be ready to sell. Since the packaging is not the main factor that causing the operation From the overall process the cost were mainly came from resources for cost had a climbing trend. the ingredient of the medicine, packing of the medicine and the human packing the medicine. Due to lack of storage from other manufacturing country, so we can't import the ingredient even with a higher price. Hence the ingredient stock is limited, then it was bringing big impact to our income and low profit happen while comparing to the cost of production and operation. The time for producing the medicine is limited also, it is impossible to immediately manufacture a medicine without going any pharmaceutical process. So, we need using the limited resources to get the maximum profit as we can to cover the loss of the company. 2.2 Maximize Profit Problem Despite the Covid-19 situation and lack of ingredient, it is difficult to produce big number of products with a low sale price that can provide a high profit to our company Thus, the lack of the stock and high human resource used was leading the the company reaching the maximum level, we needed to find out how to . Due to many predictable factors, the parts that we can control is the sale price of the product. In this case study, the proposal model was created based on the type of packet, time available for packing of both of type of packet and total man hours used for packing of type of medicine to balance profit gain and loss of the company. The main motivation behind this paper is to find a better methodology to solve the real-life sale marketing problem. The following section provides the framework of the proposed mathematical model. e operation of
Transcribed Image Text:2. Case Study The pharmaceutical formulation production and marketing sector in India was chosen as the case study industry for the maximize profit challenge. The majority of the items are classified as nutritional supplements, cough syrup-expectorant, haematinic syrup, and other types of medicine. Initially, the company's products were only available in Bombay and portions of Maharashtra, Guiarat, Pradesh and Madhya Over the previous ten years, the company has successfully introduced over 15 items and has any nas successsiu increased its marketing by ten times to encompass places such as metropolitan Delhi, Uttar Pradesh's key areas, Rajasthan, Haryana, Karnataka, Goa, Andhra Pradesh, and Kerala. Jenburkt Products were supplied through a large network of stockists and super ladns pur stockists who delivered the products to thousands of retail pharmacy stores. The Covid- 19 issue, and from the other hand, had compelled the firm to fight the matter on its own. The corporation was confronted with the highest degree of demand for the medicine. As a result, the cost of the component must be increased to ensure that the supply does not run out in the event of an emergency and the production of other types of medicine. As a result, the company's cost and profit were not balanced enough to cover the loss. 2.1 Ingredient of the Medicine Pharmacuetical manufacturing is the process of industrial- scale synthesis of pharmaceutical drugs as part of the pharmaceutical industry. We selected one of the main products of the company which is O. Porosys Powder for the case study analysis. O. Porosys Powder is a kind of pharmaceutical powder which is defined as a dry, solid substance, composed of finely divided drugs with or without excipients and intended for internal or external use. It is a solid substance in finely divided state typically obtained by crushing, grinding, or comminuting. Therefore, the packaging of the product is necessary to protect the medicine from damage, germs, outer atmosphere, and bacteria. Packaging in the pharmaceutical industry varies from drug to drug and normally there are three levels of packaging commonly referred to as the primary, secondary, and tertiary packaging. The main type of packaging in our case study analysis is tertiary packaging which is the final packaging process for the product to be ready to sell. Since the packaging is not the main factor that causing the operation From the overall process the cost were mainly came from resources for cost had a climbing trend. the ingredient of the medicine, packing of the medicine and the human packing the medicine. Due to lack of storage from other manufacturing country, so we can't import the ingredient even with a higher price. Hence the ingredient stock is limited, then it was bringing big impact to our income and low profit happen while comparing to the cost of production and operation. The time for producing the medicine is limited also, it is impossible to immediately manufacture a medicine without going any pharmaceutical process. So, we need using the limited resources to get the maximum profit as we can to cover the loss of the company. 2.2 Maximize Profit Problem Despite the Covid-19 situation and lack of ingredient, it is difficult to produce big number of products with a low sale price that can provide a high profit to our company Thus, the lack of the stock and high human resource used was leading the the company reaching the maximum level, we needed to find out how to . Due to many predictable factors, the parts that we can control is the sale price of the product. In this case study, the proposal model was created based on the type of packet, time available for packing of both of type of packet and total man hours used for packing of type of medicine to balance profit gain and loss of the company. The main motivation behind this paper is to find a better methodology to solve the real-life sale marketing problem. The following section provides the framework of the proposed mathematical model. e operation of
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