Policy options for value added to different levels of production

Author

Lecturer, Department of Industrial and Production Engineering, University of Ibadan, Ibadan, 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 re-sults recommend that the firm should redevelop if in diversification and systematisation growth stage and right size if in the bureaucratic growth stage.

Keywords