TITLE:
A Key to Uncover the Envelop of Backwardness of Sugar Industry in Bangladesh: An Application of Regression Analysis
AUTHORS:
Md. Abdus Sabur, Md. Nazmul Huda, Md. Mizanoor Rahman, Md. Abu Sina, Md. Ruhul Amin
KEYWORDS:
Recovery Rate, Loss of Sugar in Molasses, Sugarcane, Regression Analysis, Bangladesh
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.3,
May
18,
2023
ABSTRACT: In this paper, an effort is taken to fish out the
inherent backwardness of sugar industry in Bangladesh by applying the multiple
regression analysis. The prime objective of
the research is to describe the present situation of backwardness of production
level and to find out a technique to increase the production level of
sugar mills in Bangladesh. Data is chosen from secondary sources i.e.
performance reports, annual reports of the selected sample sugar mills and
reports of the BSFIC. The total sugar production (Yprod.) is treated as dependent
variable and LSM = XLSM (loss of sugar in molasses), RMC = XRMC (Repair and maintenance cost), MH = XMH (Machine hours), UEU = XUEU (Units of energy used) and RR = XRR (Recovery rate) are selected independent
variables under the study period. It is implied from analysis that 1 percent decrease in loss of sugar in molasses would result in 7939.63
units upturn in the gross output of sugar if the other factors remain to keep
unchanged in the mean position. The coefficient of MH, UEU and RR was found significant at 1 percent level by
positive sign indicating these variables had positive impact on sugar
production process. It also indicated that 1 percent increase in MH, UEU and RR would result in 3.49 units, 56.59
units and 1174.73 units total production of sugar respectively if other
components holding unchanged position at the mean level for each of the
variables including in the model. So that the management could increase the
amount of total production 9137.63 units by taking the necessary action to
increase 1 percent of recovery rate (RR) and at the same time to decrease 1 percent of loss of sugar in molasses (LSM) under the technical
arrangement of production procedure of sugar.