Quantitative Techniques’ usage and Performance: The Case of Nigerian small scale industries (2007 – 2011)

Author(s)

Edwin C. Anene ,

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Volume 5 - March 2016 (03)

Abstract

The paper examined quantitative techniques’ (QTS) usage and performance (measured in terms of annual profits) in a select small-scale industry (SSIs) in Nigeria within a five-year period (2007 – 2011). Specifically, it analyzed the effect of QTs’ usage on annual profits of the companies within the selected industries. The significance of such effect was, also, examined. This paper hypothesized that QTs’ usage has no significant effect on annual profit. Data were extracted from questionnaire responses by relevant companies in the author’s Ph.D. work. Descriptively, data were partly analyzed, using percentages and mean values. Chi-square (ᵡ 2 ) statistic was applied to testing the stated hypothesis. Analytical results showed that usage of QTs had an effect on profitability, which effect, however, was not significant. Conclusively, this paper asserted that QTs’ usage in the study area, within the given period had an effect on Nigeria small-scale industries performance as proxied by annual profits of their companies. It recommended increased awareness and usage of QTS and increased financial provisions for QTs in order to increase profits, hence, performance (with its other aspects like increased output volumes, meeting up with customers’ demands and general satisfaction) in these industries.

Keywords

Quantitative technique, usage, performance, small-scale industries.

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