Determining the Relationship between Coronavirus and Stock Market Volatility in Emerging Countries | Chapter 7 | Current Aspects in Business, Economics and Finance Vol.5

 The present study optimize the cost of dairy products in manufacturing in a dairy factory so that consumers should get advantaged from the price of separate product deals in the request. also, this study helps to reduce the running and functional losses of the dairy factory. The study was accepted in the Experimental Dairy Factory, public Dairy Research Institute, Karnal( Haryana), with a running capacity of ten thousand liters per day, to optimize the cost of Dairy products manufactured in the dairy factory. Burfi and Ice- cream are among the most pivotal Indian dairy products reused in a dairy factory and extensively consumed. Primary and Secondary data were both used to conduct this study. Primary compliances and interviews with factory workers round out the primary data. Secondary data, similar as milk flux, its operation pattern, and product affair, were gathered from colorful factory checks. To reduce the cost of each component used to make Burfi and ice cream, an profitable study of this dairy product in a dairy factory is needed. The dairy product will keep its presence in the competitive request, and as a result, the consumer will profit from this optimum price. thus, calculated the product cost was in a dairy factory, and the fixed and variable cost was24.56 and75.44 percent for Burfi and34.01 and65.99 percent for ice cream, independently. This study shows that the dairy factory has fat product of3721.69 kg and mugs of 100 ml of affair Burfi and Ice- cream, independently, after the break-even point. This study suggests that the small milk patron and tone- help groups should engage in value- added product processing on their own by taking training from institutions to induce income and employment to support the pastoral frugality.                                         

Author(s) Details:

Muhammad Mar’I,
Department of Banking and Finance, Near East University, North Cyprus, Mersin 10, Turkey.

Turgut Tursoy,
Department of Banking and Finance, Near East University, North Cyprus, Mersin 10, Turkey.

Please see the link here: https://stm.bookpi.org/CABEF-V5/article/view/8454