Africana Periodical Literature 
bibliographic database
| Previous page | New search |
The free AfricaBib App for Android is available here
 Periodical article |
 Leiden University catalogue |
 WorldCat |
| Title: | A multiattribute utility and cash-flow procedure for evaluating and selecting local raw materials for Nigerian agro-based industries |
| Author: | Jolayemi, J.K. |
| Year: | 1991 |
| Periodical: | Discovery and Innovation |
| Volume: | 3 |
| Issue: | 2 |
| Period: | June |
| Pages: | 29-36 |
| Language: | English |
| Notes: | biblio. refs., ills. |
| Geographic terms: | Nigeria West Africa |
| Subjects: | commodities agroindustry Economics, Commerce Raw materials Mathematical models |
| Abstract: | The selection of raw materials for both big and small agrobased industries in Nigeria is a big decision problem that should involve the analysis, synthesis and evaluation of considerable amounts of technical, economic, manufacturing and marketing information. In this paper a procedure is developed for evaluating and selecting local raw materials for agrobased industries. The procedure includes the development of a comprehensive list of criteria or factors for evaluating raw materials. The criteria are grouped into two - tangible and intangible factors. The list includes factors relating to the following areas: procurement (in the market, through cultivation), transportation, storage, processing and refining, manufacturing, compatibility of material to production schedules, marketability of final product, competitors' threats, other economic considerations, and revenue. A value tree is drawn for the intangible factors. The scenarios describing the different future states that can affect revenue and the various costs of inputs in a Third World environment are defined. A selection model based on multiattribute utility and net present value of profits over a planning horizon is developed. In order to illustrate how the model works, the author takes as example a brewing industry in Nigeria which has to substitute a local raw material, either sorghum, maize, rice, cassava, guinea corn or millet, for its imported major industrial input, barley malt. Bibliogr. |