IIARD International Institute of Academic Research and Development

Journal of Business and African Economy (JBAE )

E-ISSN 2545-5281
P-ISSN 2695-2238
VOL. 10 NO. 2 2024
DOI: 10.56201/jbae.v10.no2.2024.pg62.76

---

Cost Control Improvements through Learning Curve Theory in Small Scale Manufacturing Companies in Nigeria

Gilbert Ogechukwu Nworie, Grace Uchechi Obi

---

Abstract

The study examined whether cost control improvements can be achieved by applying learning curve theory in small scale manufacturing firms in Nigeria. The specific objective was to determine the extent to which production team expertise and product quality control enhance cost savings among small scale manufacturing firms in Nigeria. The study adopted descriptive survey design on a population of 493 strategic management staff working full time in small scale manufacturing companies in Nigeria. Taro-Yamane (1964) formula for sample size was used to obtain a sample size of 221 respondents that participated in the survey. Primary data were collected using electronic questionnaires administered to 221 staff of the study sample. The two (2) null hypotheses that were formulated were tested using Spearman Correlation Coefficient with the aid of Statistical Package for Social Sciences (SPSS) V. 25. The study found

keywords:

Learning Curve Theory, Cost Control, Production Team Expertise, Product Quality

---

References:

Abam, A. O., & Nsien, E. F. (2022). On the performance of Nigerian security agencies: a
learning rate and learning curve perspective. International Journal of Mathematical
Analysis
and
Modelling.
https://tnsmb.org/journal2/uploads/volume%205/JBAEAM_Vol5_Issue1_2022.pdf#pag
e=93
Adegbie, F. F. & Fadere, T. V. (2020). Cost Management and Financial Performance of
Consumer Goods Companies, Quoted in Nigeria. International Journal of Scientific
and Research Publications, 10(8), 82-90.
Adigbole, E. & Osemene, O. (2019). Strategic Cost Management and Accuracy of Cost
Information in Selected Manufacturing Firms in Lagos and Ogun States, Nigeria.
International Journal of Accounting & Finance (IJAF) 8(1), 1-30.
Aduba, J. J. (2021). Analysis of technological learning and the learning curve of financial
institutions in Nigeria (Doctoral dissertation). Graduate School of Economics,
Ritsumeikan
University.
Available
from
file:///C:/Users/Praf's%20Touch/Downloads/k_1462.pdf
Aduba, J. J. (2021). Analysis of Technological Learning and the Learning Curve of Financial
Institutions
in
Nigeria.
https://ritsumei.repo.nii.ac.jp/?action=repository_action_common_download&item_id
=14793&item_no=1&attribute_id=20&file_no=3
Aggreh, M., Abiahu, M. C. & Nworie, G. O. (2023). Cost Reduction and Financial
Performance of Listed Consumer Goods Firms in Nigeria. Journal of Banking, 11(1),
1-38. https://www.researchgate.net/publication/376956491
Anderson, H. E., Santos, I. C., Hildenbrand, Z. L., & Schug, K. A. (2019). A review of the
analytical methods used for beer ingredient and finished product analysis and quality
control. Analytica Chimica Acta, 1085, 1-20.
Boone, E. R., Elshaw, J. J., Koschnick, C. M., Ritschel, J. D., & Badiru, A. B. (2021). A
Learning curve model accounting for the flattening effect in production cycles. Defense
Acquisition Research Journal.
Ezeagba (2014). Issues and Materials on Managerial Cost Accounting. Awka: RexCharles.
Hogan, D., Elshaw, J., Koschnick, C., Ritschel, J., Badiru, A. B., & Valentine, S. (2022). Cost
estimating using a new learning curve theory for non-constant production rates.
In Handbook of Scholarly Publications from the Air Force Institute of Technology
(AFIT), Volume 1, 2000-2020 (pp. 137-170). CRC Press.
Idigo, P. I. (2023). Intellectual Capital and Organizational Productivity in Manufacturing Firms
in
Anambra
State,
Nigeria.
https://seahipaj.org/journals-ci/mar-
2023/IJBLR/full/IJBLR-M-1-2023.pdf
Kanthana, D. (2018). The Effects of Cost Management Quality on the Effectiveness of Internal
Control and Reliable Decision-Making: Evidence from Thai Industrial Firms. Advances
in Social Science, Education and Humanities Research, 211(1), 60-69.
Kinyugo, J. M. (2014). The effect of cost efficiency on financial performance of companies
listed on Nairobi securities exchange. An Unpublished Research Project Submitted to
University of Nairobi.
Kuo, Y. (2006). Optimal adaptive control policy for joint machine maintenance and product
quality control. European Journal of Operational Research, 171(2), 586-597.
Lawal, B.A. (2017). Effect of Cost Control and Cost Reduction Techniques in Organizational
Performance. International Business and Management, 14(3), 19–26.
Mitra, A. (2016). Fundamentals of quality control and improvement. John Wiley & Sons.
Mohr, F., & van Rijn, J. N. (2022). Learning Curves for Decision Making in Supervised
Machine Learning--A Survey. arXiv preprint arXiv:2201.12150.
Nworie, G. O., & Nwoye, U. J. (2023). Drivers of Operating Profit: A Focus on Selected Firms’
Costs. CECCAR Business Review, 4(2), 62-72. dx.doi.org/10.37945/cbr.2023.02.07
Odieli, J. I., & Agari, E. P. (2023). Effect of Socio-Norms and Entrepreneurial Intention in
Manufacturing
Firms in
Anambra State.
https://seahipaj.org/journals-ci/mar-
2023/IJBLR/full/IJBLR-M-13-2023.pdf
Oyedokun, G. E., Tomomewo, A. O. & Owolabi, S. A. (2019). Cost Control and Profitability
of Selected Manufacturing Companies in Nigeria. Journal of Accounting and Strategic
Finance, 2(1), 14-33.
Perrot, N., Ioannou, I., Allais, I., Curt, C., Hossenlopp, J., & Trystram, G. (2006). Fuzzy
concepts applied to food product quality control: A review. Fuzzy sets and
systems, 157(9), 1145-1154.
Ross, P. (2011). Is there an expertise of production? The case of new media producers. New
media & society, 13(6), 912-928.
Steven, G. (2010). The learning curve. The key to future management?. Chartered Institute of
Management Accountants (CIMA), 6(12), 1-7.
Teodoridis, F. (2018). Understanding team knowledge production: The interrelated roles of
technology and expertise. Management Science, 64(8), 3625-3648.
Ugulu, R. A., & Allen, S. (2018). Using the learning curve theory in the investigation of on-
site craft gangs’ blockwork construction productivity. Built Environment Project and
Asset Management, 8(3), 267-280.
Ukpai, N. A., & Akenbor, C. O. (2007). Application of the learning curve theory in the
construction
industry
in
Nigeria.
Retrieved
from
https://www.researchgate.net/profile/Cletus-Akenbor-
2/publication/275658412_APPLICATION_OF_THE_LEARNING_CURVE_THEO
RY_IN_THE_CONSTRUCTION_INDUSTRY_IN_NIGERIA/links/5543dd3d0cf23
4bdb21bd916/APPLICATION-OF-THE-LEARNING-CURVE-THEORY-IN-THE-
CONSTRUCTION-INDUSTRY-IN-NIGERIA.pdf

DOWNLOAD PDF

---

Back