Title of article :
Policy options for value added to different levels of production
Author/Authors :
Anyaeche, C. O. University of Ibadan - Department of Industrial and Production Engineering, Nigeria
Abstract :
This paper presents an analytic procedure for the value added to different production levels with different policy options. The approach is stochastic and thus provides a framework for informed decision-making on productivity growth under uncertainty conditions. The model was applied to data collected from a firm and results recommend that the firm should redevelop if in diversification and systematisation growth stage and right size if in the bureaucratic growth stage.
Keywords :
Production levels , Value , added , Strategy , Optimal: Policy option
Journal title :
Journal of Industrial Engineering International
Journal title :
Journal of Industrial Engineering International