IIUC Business Review

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    Relationship between Productivity and Profitability: A Case Study of Apex Tannery Ltd.
    (CRP, International Islamic University Chittagong, 2007-08) Alam, Zahangir; Islam, Serajul; Rahman, Muhammad Mahbubur
    The study attempts to find out the relationship between productivity and profitability of a firm. It is intended to measure how effectively a firm can uses its assets and how effectively the firm manages its operation. The empirical analysis of the study covered a period of 5 years of the sample enterprise. The study shows that there has been a positive partial relationship between productivity and profitability of the sample enterprise. It also indicates that the performance of the sample enterprise in terms of productivity and profitability has been far from satisfactory during the study period. Also an attempt has been made in this paper to highlight the productivity trends of an industry by using a suitable approach. Finally, the study suggests to undertake every possible measure by the competent authority to improve the position of the productivity and profitability of the sample enterprise
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    Crashing in the Optimal Project Management: Cut Search Method V s. Linear Programming Method
    (CRP, International Islamic University Chittagong, 2007-08) Khan, Mohammed Shamim Uddin; Rahman, Muhammad Mahbubur
    The paper compares Cut Search Method and Linear Programming Method to the project time-cost trade- off analysis as a practical application and a conceptual development. Both the solution procedures are presented in this paper to determine the minimum resource utilization requirement to reduce the total project completion time from a normal to a crash condition. The study would help management in selecting the appropriate method for getting optimal crashing decision. The study finds Linear Programming method is better than Cut Search method. Linear Programming approach is also very much suitable to a broad range of practical project management problems, which provide some flexibility. Finally, the study suggests for using Linear Programming Method to the crashing project duration of urgent projects in the pipeline of ADP and private sector projects as well.
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    Goal Programming: A Modern Management Technique in Decision Making
    (CRP (International Islamic University Chittagong), 2006-08) Khan, Mohammed Shamim Uddin; Rahman, Muhammad Mahbubur
    Managerial objectives varv according to the characteristics, types, philosophy, and particular environmental conditions of the organization. There is no single universal goal for all organizations. However, in modem times most of the business and industrial organizations do not consider profit maximization as their sole objective and goal. They are equally concerned abo market share goals, financial liquidity goals, emplovment goals, production goals etc. Besides, a wide range of social, political, economic and ethical aspects are increasingly being treated CIS goals bv organizations. Thus, modem management has multiple conflicting objectives. This multiple conflicting objectives problem cannot be solved easily by traditional mathematical Techniques. Goal programming is the 1I10st appropriate quantitative technique for solving such complex decision making problems. This paper shades light on the concept, philosophy and applicabilitv of goal programming model in managerial decision.