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Firm productivity, profit and business goal satisfaction: an assessment of maintenance decision effects on small and medium scale enterprises (SME’s)

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Firm productivity, profit and business goal satisfaction: an assessment of maintenance decision effects on small and medium scale enterprises (SME’s)

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dc.contributor.author Owusu-Mensah, Daniel es_ES
dc.contributor.author Quaye, Evans K. es_ES
dc.contributor.author Brako, Lydia es_ES
dc.date.accessioned 2021-02-17T08:10:21Z
dc.date.available 2021-02-17T08:10:21Z
dc.date.issued 2021-01-26
dc.identifier.uri http://hdl.handle.net/10251/161619
dc.description.abstract [EN] This study was carried out to identify which factors are most relevant to managers of SMEs in maintenance decision making, and to investigate how these factors influence the realization of business goals satisfactorily, using structural equation modelling, partial least square design (PLS-SEM) to establish significant relationships between manifest and latent variables. A study of maintenance cost vis a vis the number of maintenance works carried out and profits realized was conducted to ascertain correlations and identify which factors played key roles in profit maximization. Results showed that with increasing level of maintenance for SMEs, profit margins reduced significantly. Also, an R2 value of 0.83 showed that the latent variable, business goal satisfaction was explained to a high degree (83%) by the manifest variables. Rentals of equipment from third parties (0.27), halting production (0.11) and outsourcing (0.39) were less considered for business sustainability per correlation coefficients than funds (0.79), and the possibilities to carry out both corrective (0.64) and preventive (0.58) maintenance works.  F-square value greater than zero was realized (0.387) and this showed reliability of the both inner and outer models. These findings can be used in building a decision tool or framework that will best suit SMEs with high financial budget constraints. es_ES
dc.language Inglés es_ES
dc.publisher Universitat Politècnica de València es_ES
dc.relation.ispartof Journal of Applied Research in Technology & Engineering es_ES
dc.rights Reconocimiento - No comercial - Compartir igual (by-nc-sa) es_ES
dc.subject Maintenance decision making es_ES
dc.subject Funds availability es_ES
dc.subject Business goals satisfaction es_ES
dc.title Firm productivity, profit and business goal satisfaction: an assessment of maintenance decision effects on small and medium scale enterprises (SME’s) es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.4995/jarte.2021.14615
dc.rights.accessRights Abierto es_ES
dc.description.bibliographicCitation Owusu-Mensah, D.; Quaye, EK.; Brako, L. (2021). Firm productivity, profit and business goal satisfaction: an assessment of maintenance decision effects on small and medium scale enterprises (SME’s). Journal of Applied Research in Technology & Engineering. 2(1):23-31. https://doi.org/10.4995/jarte.2021.14615 es_ES
dc.description.accrualMethod OJS es_ES
dc.relation.publisherversion https://doi.org/10.4995/jarte.2021.14615 es_ES
dc.description.upvformatpinicio 23 es_ES
dc.description.upvformatpfin 31 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 2 es_ES
dc.description.issue 1 es_ES
dc.identifier.eissn 2695-8821
dc.relation.pasarela OJS\14615 es_ES
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