Abstract: To be successful in today’s competitive global environment, manufacturing industry must be able to respond quickly to changes in technology. These changes in technology introduce new risks and hazards. The management of risk/hazard in a manufacturing process recommends method through which the success rate of an organization can be increased. Thus, there is a continual need for manufacturing industries to invest significant amount of resources in risk management, which in turn optimizes the production output and profitability of any manufacturing industry (if implemented properly). To help improve the existing risk prevention and mitigation practices in Small and Medium Enterprise (SME) in Nigeria Manufacturing Industries (NMI), the researcher embarks on this research to develop a systematic Risk Management process.
Abstract: We regard forecasting of energy consumption by
private production areas of a large industrial facility as well as by the
facility itself. As for production areas, the forecast is made based on
empirical dependencies of the specific energy consumption and the
production output. As for the facility itself, implementation of the
task to minimize the energy consumption forecasting error is based
on adjustment of the facility’s actual energy consumption values
evaluated with the metering device and the total design energy
consumption of separate production areas of the facility. The
suggested procedure of optimal energy consumption was tested based
on the actual data of core product output and energy consumption by
a group of workshops and power plants of the large iron and steel
facility. Test results show that implementation of this procedure gives
the mean accuracy of energy consumption forecasting for winter
2014 of 0.11% for the group of workshops and 0.137% for the power
plants.
Abstract: The principal focus of this study is on the
measurement and analysis of labor learnings in Pakistan. The study
at the aggregate economy level focus on the labor productivity
movements and at large-scale manufacturing level focus on the cost
structure, with isolating the contribution of the learning curve. The
analysis of S-shaped curve suggests that learnings are only below one
half of aggregate learning curve and other half shows the retardation
in learning, hence retardation in productivity movements. The study
implies the existence of learning economies in term of cost reduction
that is input cost per unit produced decreases by 0.51 percent every
time the cumulative production output doubles.