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Volume 10 Issue 11
November-2023
eISSN: 2349-5162

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Published Paper ID:
JETIR2311502


Registration ID:
528954

Page Number

f9-f17

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Title

An Analysis of Cost and Productivity of select Co-Operative Sugar Mills in Tamil Nadu

Abstract

Productivity is the relationship between output and inputs used in the process. Cost based productivity is the ratio between output cost and inputs cost. Material Cost, overhead cost and conversion cost productivities are measured and analyzed with the total cost of sugar production. This article focuses on cost based productivities of 13 select co-operative sugar mills in Tamil Nadu for 13 years from 2006 to 2018. Goal is to reduce the total cost by improving the productivities. 13 select co-operative sugar mills have been collectively taken together for analysis. Every firm has to improve its productivity for its survival and prosperity. Result of the AUTO REGRESSIVE DISTRIBUTED LAG (ARDL) model shows that there is long run and short run relationship between the Material Cost productivity, Overhead cost productivity, conversion cost productivity and Total cost. The null hypothesis there is no co-integration between total cost and elements of productivities has been rejected. The study also proves that there is short run relationship between the variables through Co-efficient diagnostic Wald test. It also indicates that material cost, overhead cost productivity and conversion cost productivities are jointly affecting the total cost. It evidences that the total cost of sugar production is significantly associated with cane cost of productivity and overhead cost productivity and conversion cost productivity.

Key Words

Productivity, Cost Productivity, Co-integration

Cite This Article

"An Analysis of Cost and Productivity of select Co-Operative Sugar Mills in Tamil Nadu", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 11, page no.f9-f17, November-2023, Available :http://www.jetir.org/papers/JETIR2311502.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"An Analysis of Cost and Productivity of select Co-Operative Sugar Mills in Tamil Nadu", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 11, page no. ppf9-f17, November-2023, Available at : http://www.jetir.org/papers/JETIR2311502.pdf

Publication Details

Published Paper ID: JETIR2311502
Registration ID: 528954
Published In: Volume 10 | Issue 11 | Year November-2023
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.36940
Page No: f9-f17
Country: Virudhunagar, Tamilnadu, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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