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Goal Programming Model to Budgetary Allocation in Garbage Disposal Plant

  • P. Jyothi
  • G. A. Vatsala
  • Radha Gupta
Chapter
Part of the Asset Analytics book series (ASAN)

Abstract

Running any business is not an easy task. It requires proper planning as well a review of the finances. Budgeting is one of the important accounting tools of the company/industry, and success of a business depends on planned budgeting. Budgeting helps in the planning of future business growth and expansion. In good decision making, budgeting plays a very important role. Budgeting is a forecast of income and expenditure. Analysis of budgeting gives how the company expects to spend money in future periods. Budgets help the manager to set up boundaries which drop unnecessary spending. Application of goal programming, in budgetary allocation of garbage disposal unit, is taken as a case study. By considering the fact that large measure of garbage accumulated in the cities due to the massive urbanization and lack of scientific disposal system which causes serious health and environmental problems, we attempted to make goal programming model for profit generation using the budgets allocated in establishing the waste disposal unit. Proper budgetary allocation ensures the profit. This is achieved by identifying the deviations in the goals of the disposal plant. By considering the three-year budgets of waste disposal plant, fixing the multiple goals of the unit in different areas like personnel cost, revenue, general expenses, assets liabilities, infrastructure cost, sanitary landfill cost, maintenance charges, and assigning the priorities for goals, we developed the model. Objectives of the current study involve enhancing the personnel cost, decreasing the general expenses, maximizing the assets of the unit, suppressing the liabilities, minimizing the infrastructure cost, minimize the sanitary landfill cost, minimizing the maintenance charges, boosting the revenue generated in the disposal plant. Identifying the deviations in the goals helps the managers to take the proper decision.

Keywords

Goal programming Vendors Underachievement Overachievement 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Jain UniversityBangaloreIndia
  2. 2.Department of MathematicsDSATMBangaloreIndia
  3. 3.Department of MathematicsDayananda Sagar College of EngineeringBangaloreIndia

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