Vol. 2010 No. 1 (2010)

View Issue TOC

Methodological Evaluation of Process-Control Systems in Ghana Using Time-Series Forecasting Models for Risk Reduction Measurement

Kofi Ampofo, Noguchi Memorial Institute for Medical Research
DOI: 10.5281/zenodo.18908616
Published: December 19, 2010

Abstract

Process-control systems are essential in manufacturing environments to ensure quality and safety. In Ghana, these systems can be improved to better manage risks associated with production processes. The study employed a time-series forecasting model (e.g., ARIMA) to analyse historical data from selected industrial sectors in Ghana. Robust standard errors were used for uncertainty quantification. A significant proportion (35%) of identified risks could be mitigated by the application of advanced forecasting models, demonstrating their potential for risk reduction. The findings indicate that time-series forecasting models can effectively measure and reduce risks in Ghanaian industrial settings. Industry stakeholders should consider implementing these models to enhance safety and quality control measures. Process-control systems, risk management, time-series forecasting, ARIMA model, Ghana 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

Kofi Ampofo (2010). Methodological Evaluation of Process-Control Systems in Ghana Using Time-Series Forecasting Models for Risk Reduction Measurement. African Nanotechnology Applications (Technology), Vol. 2010 No. 1 (2010). https://doi.org/10.5281/zenodo.18908616

Keywords

Sub-SaharanAfricanstatistical-process-controlforecastingmodellingrisk-assessment

Research Snapshot

Desktop reading view
Language
EN
Formats
HTML + PDF
Publication Track
Vol. 2010 No. 1 (2010)
Current Journal
African Nanotechnology Applications (Technology)

References