PROBLEMS OF ACQUISITION AND REPLACEMENT OF PLANT AND EQUIPMENT IN A MANUFACTURING INDUSTRY

This research is a study of the problems of acquisition and replacement of plant and equipment in a manufacturing industry. It is aimed at examining the activities involved in the production process with a view to using it in determining whether or not resources were fully utilized. It is also aimed at discovering the bottlenecks and weakness in the operations of manufacturing firms using Anambra motor manufacturing company limited as a case study. This study has five chapters, which were combined to bring out all the ideals for a comprehensive work. Chapters one contains general ideas of the study. It introduced the study and laid the foundation for the other chapters that appear in the other parts of the study. It contains three hypothesis which were tested in chapter four for statistical significance. Chapter two reviewed related literature on the evolution of capital goods and investment appraisal techniques to be used in capital budgeting. However, chapter three is on the research methodology, population size, sample size and measuring instrument used in the study. To make the study possible, survey research method was used based on the sample size of fifty two respondents. Questionnaires were used as the research instruments administered, data collected, analyzed and interpreted in chapter four. Chapter five deals specifically with summary, conclusion and recommendation