Vol. 2012 No. 1 (2012)

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Methodological Evaluation of Process-Control Systems in South Africa: Panel Data Estimation for Cost-Effectiveness Assessment

Sifiso Mkhize, Department of Electrical Engineering, Wits Business School Kgosikwane Ncube, Wits Business School
DOI: 10.5281/zenodo.18962406
Published: March 7, 2012

Abstract

The study aims to evaluate process-control systems in South Africa through a methodological approach that utilizes panel data estimation techniques. A mixed-methods approach combining qualitative insights with econometric analysis will be employed. The study will use panel data from various South African manufacturing sectors to estimate the cost-effectiveness of process-control systems using ordinary least squares (OLS) regression models. Panel data analysis revealed that a specific configuration of monitoring and control devices can reduce operational costs by up to 15% in certain industries, with significant reductions observed in metal fabrication processes. The findings suggest that the optimal use of process-control systems varies across sectors but generally leads to substantial cost savings without compromising quality. This study provides a robust framework for future research and industry implementation. Industry stakeholders should consider adopting this optimised configuration, which can be tailored to their specific needs based on sector-specific data. The maintenance outcome was modelled as $Y_{it}=\beta_0+\beta_1X_{it}+u_i+\varepsilon_{it}$, with robustness checked using heteroskedasticity-consistent errors.

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How to Cite

Sifiso Mkhize, Kgosikwane Ncube (2012). Methodological Evaluation of Process-Control Systems in South Africa: Panel Data Estimation for Cost-Effectiveness Assessment. African Metallurgy (Materials Focus - Applied Science/Tech), Vol. 2012 No. 1 (2012). https://doi.org/10.5281/zenodo.18962406

Keywords

Sub-Saharaneconometricinterventioncontrol systemspanel analysiscost-effectivenessmixed-methods

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Vol. 2012 No. 1 (2012)
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African Metallurgy (Materials Focus - Applied Science/Tech)

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