Tag Archives: Dynamic

Analysing Effects of Firm Resources and Relationship on Supply Chain Reliability (Published)

To remain competitive, every business must secure its supply base. Supply chain reliability is one of the emerging sectors in which companies need to invest in making sure nothing within or outside the supply chain will cause any disruptions given the unforeseeable occurrences. The researcher analyzed the relationship between firms’ resources and the reliability of their supply chain. Companies worldwide were hit by the outbreak of the Covid-19, which virtually brought the world’s businesses to a halt. The researcher saw that as a gap that needed investigation on analyzing the effects of firm resources and relationships on supply chain reliability. Dynamic capability theory was employed to model the work where related literature was reviewed to ascertain the depth of work done so far in the supply chain and firms’ resources relationship in line with sustainability in the supply chain management. A quantitative design was instituted to conduct the study using a multiple linear regression model to give estimations and discussions as well as results. A sample size of 100 was randomly selected to respond to the data collection and analysis test items.  At a 5% significance level, the study found that company resources positively affect supply chain resilience/reliability. According to the study, the dynamic capability has a favorable impact on supply chain reliability, although it is statistically insignificant at the 5% level. Although there was a positive association between firm resources and supply chain reliability, it was weak. Finally, at a 5% level, the role of firm resources has a substantial positive effect on supply chain reliability.

 

Keywords: (DC), Dynamic, capability, supply chain reliability / resource (SCRE)

DEVELOPMENT OF A DYNAMIC PROGRAMMING MODEL FOR OPTIMIZING PRODUCTION PLANNING (Published)

Production planning is the backbone of any manufacturing operation, and its main objective is to determine the quantity of products to be produced and inventory level to be carried from one period to the other, with the objective of minimizing the total costs of production and the annual inventory, while at the same time meeting the customers’ demand. A mathematical model was developed for a multi-product problem using Dynamic Programming approach and the solution procedure proposed by Wagner and Whitin was adopted. The model is very useful in solving a problem with multi-stage problem, a particular situation in which there is appreciable variation in average periodic demand and availability of raw materials among the different periods. It also stipulates the minimum quantities of the product to produce per period and the corresponding inventory levels such that total production cost is minimized over the planning periods

Keywords: Cost, Dynamic, Inventory., Minimum, Model, Production

Development of a Dynamic Programming Model for Optimizing Production Planning. (Review Completed - Accepted)

Production planning is the backbone of any manufacturing operation, and its main objective is to determine the quantity of products to be produced and inventory level to be carried from one period to the other, with the objective of minimizing the total costs of production and the annual inventory, while at the same time meeting the customers’ demand. A mathematical model was developed for a multi-product problem using Dynamic Programming approach and the solution procedure proposed by Wagner and Whitin was adopted. The model is very useful in solving a problem with multi-stage problem, a particular situation in which there is appreciable variation in average periodic demand and availability of raw materials among the different periods. It also stipulates the minimum quantities of the product to produce per period and the corresponding inventory levels such that total production cost is minimized over the planning periods

Keywords: Cost, Dynamic, Inventory., Minimum, Model, Production

Status of Technical Education Curriculum Programme for Skill Acquisition in a Dynamic Society (Published)

The paper was designed to look at the present status of technical education curriculum programme for skill acquisition in a dynamic society. The paper examined technical education curriculum programme and the different national developmental strategies and the same time touched the current implementation and talked about evaluation for technical education programme that necessitate a change in a dynamic society. One of the components examined concerning this paper is the teacher that is responsible for the implementation of the policy and technical education curriculum. Other key elements discussed are the tools, equipment and facilities that are the major keys and elements of skill acquisition. In view of the prevailing circumstances and status, it was suggested that government should make fund available to train and retrain Nigerian’s for ever changing and dynamic society among others

Keywords: Acquisition, Curriculum, Dynamic, Education, Programme, Skill, Society, Status, and Technical