Paper Title:
System Potential-Based Productivity Evaluation Model
  Abstract

Productivity evaluation if based on historical record, and not the system’s potential, does not fully account for the maximum exploitation of the system. This work uses an optimization technique, the Linear Program, to establish the system’s potential; and then developed the Potential-based Productivity Evaluation model. Applying this model in an example problem gave productivity as 0.98, price recovery 1.07 and profitability 1.06; while the historical approach gave 2.81, 0.34 and 0.97 respectively. A comparison show 187% over-reporting, 65% under-reporting and 8% lag respectively. These would affect the firm’s decisions differently. The model can be used for strategic planning.

  Info
Periodical
Advanced Materials Research (Volumes 62-64)
Edited by
A.O. Akii Ibhadode, I.A. Igbafe and B.U. Anyata
Pages
571-576
DOI
10.4028/www.scientific.net/AMR.62-64.571
Citation
C.O. Anyaeche, A. E. Oluleye, "System Potential-Based Productivity Evaluation Model", Advanced Materials Research, Vols. 62-64, pp. 571-576, 2009
Online since
February 2009
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Price
$32.00
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