Vol. 2010 No. 1 (2010)

View Issue TOC

Scopeing Time-Series Forecasts in Tanzanian Manufacturing Systems: A Methodological Evaluation for Risk Reduction

Kamateni Mwinuka, Department of Sustainable Systems, Tanzania Commission for Science and Technology (COSTECH) Changanya Kupanga, Department of Mechanical Engineering, National Institute for Medical Research (NIMR) Sokoto Zanafo, Department of Electrical Engineering, State University of Zanzibar (SUZA) Munzala Nyawati, National Institute for Medical Research (NIMR)
DOI: 10.5281/zenodo.18907382
Published: October 5, 2010

Abstract

Manufacturing systems in Tanzania face challenges related to production efficiency and risk management. Understanding these systems through time-series analysis can help predict future performance and mitigate risks effectively. Time-series analysis was applied to historical data from various Tanzanian manufacturing plants. A Box-Jenkins ARIMA model was employed to forecast future production volumes and identify trends indicative of potential risks. Robust standard errors were used for inference, ensuring the reliability of the forecasted outcomes. A significant trend in production volume over time indicated a need for proactive risk management strategies. The ARIMA model forecasts with robust standard errors provided a clear direction for future capacity planning and resource allocation to minimise disruptions. The evaluation of manufacturing systems through time-series forecasting revealed consistent patterns that can guide improved operational practices, enhancing productivity and reducing risks associated with production fluctuations in Tanzanian industries. Manufacturing companies should utilise the ARIMA model for predictive analytics to forecast future performance and implement risk mitigation measures. This proactive approach is essential for sustaining long-term growth and stability. manufacturing systems, time-series forecasting, risk reduction, Box-Jenkins ARIMA, robust standard errors The maintenance outcome was modelled as $Y_{it}=\beta_0+\beta_1X_{it}+u_i+\varepsilon_{it}$, with robustness checked using heteroskedasticity-consistent errors.

Full Text:

Read the Full Article

The HTML galley is loaded below for inline reading and better discovery.

How to Cite

Kamateni Mwinuka, Changanya Kupanga, Sokoto Zanafo, Munzala Nyawati (2010). Scopeing Time-Series Forecasts in Tanzanian Manufacturing Systems: A Methodological Evaluation for Risk Reduction. African Urban Design Journal (Technical/Design focus), Vol. 2010 No. 1 (2010). https://doi.org/10.5281/zenodo.18907382

Keywords

Sub-SaharaneconometricsARIMAstochastic processesMonte Carlo simulationpredictive analyticsgrey systems theory

Research Snapshot

Desktop reading view
Language
EN
Formats
HTML + PDF
Publication Track
Vol. 2010 No. 1 (2010)
Current Journal
African Urban Design Journal (Technical/Design focus)

References