AN INTEGRATED, INVESTMENT MODEL FOR QUICK, DEVELOPMENT OF NEW JOB SHOPS

Abstract

It is a known fact that the establishment of job-shops for the manufacturing or simple equipment and parts as well as provision of needed technical services i'; the main propelIing force for industrialization in a developing countries, but this has been hindered by inadequate capital to execute the project in one iell swoop. This study develops a model, using very little initial capital. to assist ill phasing-out the acquisition of the needed machinery, construction of ('duory space in modular forms and give~; .uicquate consideration for recurrent expenditure (working capital). Till: initd capit.rl is periodically augmented from the ploughed back earnings .of ' other machinery until a I'll I I functional job-shop emanates vviihi» [1:,' xnortcsi possible time. The model was solved with a readily implementable heuristic which cmplovs suitable decision rui..s to quicken the',completion period or the project.