TITLE:
Computer Aided System for Manufacturing Industries Economic Production Status Determination
AUTHORS:
Basil Olufemi Akinnuli, Eugene C. Kalu-Imo, Anakobe Jimoh Yakubu
KEYWORDS:
Computer Aided System, Economic Productivity Determination, Manufacturing Industries
JOURNAL NAME:
Open Access Library Journal,
Vol.5 No.1,
January
11,
2018
ABSTRACT: Performance status has to do with profitability of manufacturing industries. Good performance brings about increase in productivity. There are in existence different models and software, but none has been able to develop software based on American Productivity Center model (APC). The strategic decisions required were identified as: Factor Productivity, Price Recovery and Cost Effectiveness indices, while the parameters used are: quantity produced, price per unit, labour input time, cost per hour of labour as well as the period. These were used to develop the models for the strategic decisions mentioned and software (PPE-INDICES, 2016) for implementation of the models using Java programming language. Olam cocoa processing company was used as the case study and the software was able to report the performance of the company thus: 24%, 51% and 87% increase in Factor Productivity, Price Recovery and Cost Effectiveness indices respectively for period 2013/2014, 29%, 20% and 55% increase in Factor Productivity, Price Recovery and Cost Effectiveness indices respectively for period 2014/2015, and 23%, 13% and 39% increase in Factor Productivity, Price Recovery and Cost Effectiveness indices respectively for period 2015/2016. The model and its software will find its application in all manufacturing industries of developing and developed countries.