Vol. 2013 No. 1 (2013)

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Bayesian Hierarchical Model for Measuring Cost-Effectiveness in Manufacturing Plants of Uganda: A Comparative Study

Imelda Nabaluwa, Department of Crop Sciences, Medical Research Council (MRC)/UVRI and LSHTM Uganda Research Unit
DOI: 10.5281/zenodo.18986484
Published: June 13, 2013

Abstract

Manufacturing plants in Uganda face challenges in cost-effectiveness due to varying operational efficiencies. A comparative study employing a Bayesian hierarchical model to assess the cost-effectiveness of different manufacturing systems. The model accounts for variability in plant performance across different scales and sectors. The analysis revealed significant differences in cost-efficiency ratios among various manufacturing units, with some showing substantial improvements through process optimization. Bayesian hierarchical modelling effectively highlights disparities in cost-effectiveness within Ugandan manufacturing plants, providing actionable insights for improvement. Manufacturers should prioritise continuous monitoring and adaptive strategies to enhance their operational efficiencies based on the findings of this study. manufacturing systems, cost-effectiveness, Bayesian hierarchical model, Uganda, agricultural production The empirical specification follows $Y=\beta_0+\beta^\top X+\varepsilon$, and inference is reported with uncertainty-aware statistical criteria.

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How to Cite

Imelda Nabaluwa (2013). Bayesian Hierarchical Model for Measuring Cost-Effectiveness in Manufacturing Plants of Uganda: A Comparative Study. African Ruminant Veterinary Science, Vol. 2013 No. 1 (2013). https://doi.org/10.5281/zenodo.18986484

Keywords

African agricultureAgricultural productivityEconometricsFactor analysisHierarchical modellingPrecision farmingSustainability studies

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Vol. 2013 No. 1 (2013)
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African Ruminant Veterinary Science

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