Policy options for value added to different levels of production

محورهای موضوعی : Mathematical Optimization

C.O Anyaeche ¹ (Lecturer, Department of Industrial and Production Engineering, University of Ibadan, Ibadan, Nigeria)

تاریخ دریافت : 1394/02/28 تاریخ پذیرش : 1394/02/28 تاریخ انتشار : 1388/03/11

کلید واژه: strategy, Production levels, value-added, Optimal, Policy option,

چکیده مقاله :

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 re-sults recommend that the firm should redevelop if in diversification and systematisation growth stage and right size if in the bureaucratic growth stage.