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International Journal of Science, Strategic Management and Technology

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IMPACT OF COST OPTIMIZATION ON ECONOMIC VALUE ADDED IN SELECTED CONSUMER PRODUCT COMPANIES

AUTHORS:
Dr N Maruti Rao
Mentor
Affiliation
PG Dept. of Business Administration,Rani Channamma University, Belagavi
DOI: 10.55041/ijsmt.v2i5.436
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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Abstract

The Global Economic Meltdown severely affected the world economy, causing the corporate sector to experience significant drops in business volume and profitability. Facing intense pressure to create shareholder value, companies have been forced to re-examine their corporate strategies, particularly regarding cost management. While there is limited global research on value creation through cost optimization, such studies are non-existent in India. This gap motivated the researcher to conduct the present study in the consumer product sector. Five market leaders were selected, and cost and financial data from 2008 to 2012 were collected from their annual reports and other official records.

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PUBLICATION DETAILS
Review Type:
Double-Blind Peer Review
License:
CC BY-NC 4.0
Volume/Issue:
Volume 02, Issue 05
Review Rounds:
2
Article Type:
Research Article
Publication Date:
May 26 2026
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Rao, D. N. M. (2026). Impact of Cost Optimization on Economic Value Added in Selected Consumer Product Companies. International Journal of Science, Strategic Management and Technology, 02(05). https://doi.org/10.55041/ijsmt.v2i5.436

Rao, Dr. "Impact of Cost Optimization on Economic Value Added in Selected Consumer Product Companies." International Journal of Science, Strategic Management and Technology, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i5.436.

Rao, Dr. "Impact of Cost Optimization on Economic Value Added in Selected Consumer Product Companies." International Journal of Science, Strategic Management and Technology 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i5.436.

References
1.Aziz Moallem (2006), Cost optimization in production line:  A genetic algorithm approach, University of Tehran, Fall 2006, pp 13-16.

2.Kanahalli. B.M.(2013) Cost optimization strategies for food and beverages. in India, Asian Journal Of Management Research Volume 3 Issue 2, 2013.pp 345-353.

3.P K Mittal, Kamal Kumar, S. S. Gupta, Dinesh Satija and Ajay Chaudhary (2007), Performance enhancement through cost optimisation, http://www.holtecnet.com 2007, pp 7-8.

4.Neeta Baporikar.,(2012),  Strategic  Cost  reduction  in  financial  services  building competitive advantage, Journal of accounting and finance, 26(2), pp 12-24.

5.Saurine Doshi, Hemant Kalbag, Kaushika Madhavan and Jagannath Prasad., (2009),  Total cost optimization – reducing total delivered costs through improved production and distribution planning At Kearney, Inc. http://www.nestle.in/company  accessed  on  13/08/2012

6.Cost reduction and control techniques, www.scribid.com/ accessed in October 2012.

7.Investopedia explains 'Operating Cost', Four Steps to Calculating EVA, http://www.investorwords.com accessed on May 2013.

8.Dynamic Duo: Cost Reduction & Value Creation – Better Together, website accessed on May 2013.
Ethics and Compliance
✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
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