Productivity pattern of warri refining and petrochemical company (wrpc) limited: a principal component analysis approach

  • strict warning: Non-static method view::load() should not be called statically in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/views.module on line 906.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/handlers/views_handler_argument.inc on line 744.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/handlers/views_handler_filter.inc on line 607.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/handlers/views_handler_filter.inc on line 607.
  • strict warning: Declaration of views_handler_filter_boolean_operator::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/handlers/views_handler_filter_boolean_operator.inc on line 159.
  • strict warning: Non-static method view::load() should not be called statically in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/views.module on line 906.
  • strict warning: Non-static method view::load() should not be called statically in /home4/vibu/public_html/journalijdr.com/sites/all/modules/views/views.module on line 906.
Author: 
Ashiedu, F.I. and Izelu, C. O.
Abstract: 

Crude oil is a natural endowment to the people of Nigerian. Hence, refineries were positioned to provide finished petroleum products to both domestic use and for export. Till date, Nigeria still depends largely on the importation of petroleum products for both domestic and industrial applications. The aim of this research work therefore, is to find out the possible causes of this downward trend in the productivity pattern of our Refineries using WRPC as a case study. A survey approach was adopted in this work using questionnaires. Experts in the oil and gas industries were briefed and debriefed on the purpose of the work. A data matrix of 35 by 50 was generated from the questionnaires administered. This data matrix formed was used as the input data for the principal component analysis (PCA) using statisti-XL soft ware. The PCA used facilitated the formation of the factor matrix, scree plot and the transformation matrix. The result of the study showed that regional insecurity, chronic vandalism, managerial constrain, government policies, epileptic power supply and dearth of infrastructural facilities among others were the major factors influencing to a greater extent the productivity pattern of the WRPC among others.

Download PDF: 
Certificate: 

CHIEF EDITOR

  

           Prof. Dr. Bilal BİLGİN

Call for Papers - 2017

    submit your paper now

   Vol. 07, Issue 03, March 2017

CURRENT ISSUE

 

Article Tracking

IMPACT FACTOR 2016

          4.753

Get your Certificate

Copyright © 2016 International Journal Development Research. All Rights Reserved.