Evaluation of the Economic Activity of the Bazian Technical Plaster Plant / Sulaymaniyah for the period (1999-2009)
Volume 7, Issue 27, Pages 1-34
AbstractAs it is well known to the public in general and in particular to the specialists, the economic resources especially the natural ones are scarce, consequently the related departments are asked to take specific decisions to use those resources (whether they are public or private) and to be interested in the optimality, that is the investment decision due to be taken must be optimum, which means the best possible using of the resources with the least costs possible.
This in turn oblige the referred departments to evaluate what has been passed after the implementation of the investment decision (the implementation and the establishment of the investment project), which involves comparing what has been implemented or achieved within the project concerned with the objectives assigned to it (the project ).
Doing this assessment will help in knowing the causes of deficiencies, if there is any, in the performance and thus seeking to address and solve them which means improving the performance and developing the level of production both in quantity and quality.
Accordingly a number of performance assessment indicators were applied in this research to achieve what is mentioned during the specified period mentioned in the study (1999-2009).
The importance of the research is rested in the application of the modern statistical methods and the econometric models for performance evaluation of the efficiency performance to the economic activity of the plant depending on the theoretical framework of the study and the annual reports of the production activities issued by the plant for the period(1999-2009).
The researched consists of three main sections, the first one deals with (the concept of assessing the efficiency performance and it’s importance) as the theoretical basis to the concepts and the applied indicators in the empirical framework within the next two sections, while the second section focused on applying the statistical methods for the purpose of assessing the economic efficiency performance of the plant. And the third section is concerned with the application of econometric models and seeking to select the best function.
It was shown during the field study that the instability of the level of the efficiency performance of the economic activity of the plant (the sample of the study) is due to the use of technologically obsolete machinery, irregular maintenance which had lead to the improper use of the potential productive capacity of the plant in addition to the existence of alternative products and the competition to the factory’s products , all of the aforementioned factors led to the lack of contribution in creating the value added at the required level, which in turn led to declining the profits in the plant as a whole.
Finally, the research reached to a number of conclusions, consequently stated a number of recommendations for the subjected plant to improve the level of the efficiency performance, which can be used in planning and designing economic policies.
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