Date of this Version
Thesis (M.S.)—University of Nebraska—Lincoln, 1966. Department of Agricultural Economics
It is the purpose of this study to develop a programmed profit analysis system designed to improve the operational performance of the manufacturing of meat products. This model is built on the synthesis of linear programming and accurate cost data. Its goal is to maximize short-run profits where they are not in conflict with the marketing procedures, labor relations, and plant capabilities.
This study will focus on two informational areas of concern to the management: first, the development of predictive models to provide guides to future prices of selected raw materials used by the packing plant; secondly, the development of a model that will provide management with guides for more efficient operation. Specifically the hypotheses to be tested are:
Present forecasting methods used by management to predict future prices of selected raw materials could be improved by the use of a multiple linear regression model.
Present plant organization is suboptimal given the resources available.
Advisor: James Kendrick