Analyzing and Evaluating Economic Indicators and Occupational Safety to Raise Performance Efficiency in Industrial Company: Applied Research in the Babylon Cement Factory
Keywords:Criterion, Economic Evaluation, Efficient Performance
Purpose: Using appropriate indicators to evaluate the efficiency of the economic performance and its ability to achieve its basic and planned goals, and the ability to make optimal use of productive capacities, available economic and human resources, in order to achieve profits.
Theoretical framework: The cement industry in Iraq is considered one of the important industries for its role in the economic and development process, Therefore, those in charge of that industry should strive to find adequate and appropriate methods to develop production in quantity and quality to achieve the principle of self-sufficiency, one of the most important of these methods is the subject of evaluating the efficiency of the economic performance of existing projects for Take appropriate decisions that lead to achieving national economic development.
Design/methodology/approach: Babel Cement Factory suffers from the existence of deviations represented in the decrease in the amount of kiln production, the high production costs and the failure to reach the planned production capacities.
Findings: The economic evaluation criteria of the plant indicate that the year 2018 is better than the year 2017, and the reason is the increase in the amount of oil well cement production for the year 2018. The factory was supplied with quantities of clinker prepared from the Kufa Cement Factory, and this measure helped cover 12% of the salaries and wages value for the year 2018.
Research, Practical & Social implications: The processes of analyzing and evaluating economic factors contribute to improving the performance of companies by focusing on critical factors, developing and adopting them according to the requirements of the labor market and fulfilling the local need for the company’s products using advanced environmentally friendly production equipment, as well as contributing to providing a healthy environment for employees and the surrounding communities.
Originality/value: The results indicate the need to pay attention to modern technical developments and to use equipment with high productivity and a quality level that meets the requirements of the local need in construction and reconstruction, and to reduce the potential environmental impacts.
Abass, Z. K., Flayyih, H. H., & Hasan, S. I. (2022). The Relationship Between Audit Services and Non-Audit Actuarial Services in the Auditor’s Report. International Journal of Professional Business Review, 7(2). e0455-e0455. https://doi.org/10.26668/businessreview/2022.v7i2.455
Al-Issawi, K. (2005). 2nd edition. Feasibility Studies and Project Evaluation. House of Approaches for Publishing. Amman - Jordan.
Al-taee, S. H. H., & Flayyih, H. H. (2022). THE IMPACT OF THE AUDIT COMMITTEE AND AUDIT TEAM CHARACTERISTICS ON THE AUDIT QUALITY: MEDIATING IMPACT OF EFFECTIVE AUDIT PROCESS. INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCE STUDIES, 13(3). 249–263. https://doi.org/10.34109/ijefs.
Al-Waili, A. (2003). Selection of Criteria and Criteria for Evaluating Economic Performance. An Applied Study in Dyes Industries Company. master thesis.University of Baghdad. Baghdad.
Ameer J. & Raed A.(2019). Management Techniques of small Projects and institutions. First Edition. AL-Furat AL-Awsat Technical University, ISPN: 978-9922-20-204-4.
Drummond, M. F., Sculpher, M. J., Claxton, K., Stoddart, G. L., & Torrance, G. W. (2015). Methods for the economic evaluation of health care programmes. Oxford university press.
Evans, J. R. (1993). Applied production and operations management. west publishing company.
Flayyih, H. H., Mutashar, S. S., & Murad, A. H. (2022). Measuring the Level of Performance of Accounting Units and Their Impact on the Control Environment. International Journal of Professional Business Review, 7(4). e0680-e0680. https://doi.org/10.26668/businessreview/2022.v7i4.e680
Ghada, A. (2018). Fundamentals of Financial Management. Syrian Arab Republic. Syria.
Hamdan, K. H., Bachay, I. R., Flayyih, H. H., & Talab, H. R. (2018). Using Capital Budget and Sensitivity Analysis to Predict Future Cash Flows and Evaluate Investment Projects: Empirical Study at Iraqi Company for Production, Marketing and Meat and Field Crops. Journal of Engineering and Applied Sciences, 1-12. https://doi.org/10.3923/jeasci.2018.10510.10516
Makawi, H., (2016). Effect of Cement Manufacturing on Safety and General Health-A Case Study of Atbara Cement Company, Sudan University of Science and Technology, , http://repository.sustech.edu/handle/123456789/13073
Mankiw, N. G. (2020). Principles of macroeconomics. Cengage Learning.
Miller, D. (1996). Configurations revisited. Strategic management journal, 17(7). 505-512. https://doi.org/10.1002/(SICI)1097-0266(199607)17:7%3C505::AID-SMJ852%3E3.0.CO;2-I
Ratnasingam, J., Ark, C. K., Mohamed, S., Liat, L. C., Ramasamy, G., & Senin, A. L. (2017). An analysis of labor and capital productivity in the Malaysian timber sector. BioResources, 12(1). 1430-1446.
Raymond H. (2002). 2nd Edition. Accounting for Fixed Assets. John Wiley and Sons. Inc. ISBN: 978-0-471-09210-0
Robbins, S. R & Coulter, M. (1999). Management (6th Ed.)New Jersey: Prentice. Hall
Russell, R. S., & Taylor, B. W. (2019). Operations and supply chain management. John Wiley & Sons.
SAEED, H. S., HASAN, S. I., NIKKEH, N. S., & FLAYYIH, H. H. (2022). THE MEDIATING ROLE OF SUSTAINABLE DEVELOPMENT IN THE RELATIONSHIP BETWEEN PRODUCER COST EXPECTATIONS AND CUSTOMER DESIRES. Journal of Sustainability Science and Management, 17(10). 13–21. https://doi.org/10.46754/jssm.2022.10.002
Sauian, M. S., Kamarudin, N., & Rani, R. M. (2013). Labor productivity of services sector in Malaysia: Analysis using input-output approach. Procedia Economics and Finance, 7, 35-41. https://doi.org/10.1016/S2212-5671(13)00215-3
Taqah, M. et al..(2009). 2nd Edition. Micro and Macroeconomics. Athraa House for Publishing and Distribution. Jordan.
Wilson, N. (2006). Economics . First Edition, Lebanon – Beirut.
ZAKARIA, N. A., MEROUS, N. H., & AHMAD, I. (2014). Assessment of Rubberwood Value-Added in Malaysia's Wooden Furniture Industry. International Journal of Economics & Management, 8(1).
How to Cite
Copyright (c) 2022 Ameer Jawad Kadhim Al-Msary, Basim K. M. Nasrawi, Hasan G. J. Alisawi
This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License.
Authors who publish in this journal agree to the following terms: the author(s) authorize(s) the publication of the text in the journal;
The author(s) ensure(s) that the contribution is original and unpublished and that it is not in the process of evaluation by another journal;
The journal is not responsible for the views, ideas and concepts presented in articles, and these are the sole responsibility of the author(s);
The publishers reserve the right to make textual adjustments and adapt texts to meet with publication standards.
Authors retain copyright and grant the journal the right to first publication, with the work simultaneously licensed under the Creative Commons Atribuição NãoComercial 4.0 (http://creativecommons.org/licenses/by-nc/4.0/), which allows the work to be shared with recognized authorship and initial publication in this journal.
Authors are allowed to assume additional contracts separately, for non-exclusive distribution of the version of the work published in this journal (e.g. publish in institutional repository or as a book chapter), with recognition of authorship and initial publication in this journal.
Authors are allowed and are encouraged to publish and distribute their work online (e.g. in institutional repositories or on a personal web page) at any point before or during the editorial process, as this can generate positive effects, as well as increase the impact and citations of the published work (see the effect of Free Access) at http://opcit.eprints.org/oacitation-biblio.html