Neural Networks and Rules-based Systems used to Find Rational and Scientific Correlations between being Here and Now with Afterlife Conditions
Neural Networks and Rules-based Systems used to Find Rational and
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Petrol scarcity is a malady and a serious economic problem in Nigeria. Successive governments have, often times, used it as a case for political advances, yet petrol scarcity remained an undefeatable macroeconomic monster in Nigeria. The need for petrol, its availability and affordability is obviously important especially as the risks and its attendant effects are undesirable, hence this investigation with focus on strategic management approaches for minimizing its occurrence. From the analysis, excessive corruption, mismanagement of government treasury, etc., were found as causes of petrol scarcity while socioeconomic unrest, hike in transport fare, retardation of economic growth, etc were found as its associated risks. Also government strategies of task force formation, downstream sector reforms, etc were found to have no significant mitigating effect on petrol scarcity. Consequently, the use of balanced score card, SWOT analyses etc were recommended as potent strategic approaches for managing and forestalling petrol scarcity in Nigeria.
Mr. Sunday S. Akpan. 2014. \u201cManaging Risk of Petrol Scarcity in Nigeria: A Test of the Efficacy of Strategic Management Approaches\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 14 (GJHSS Volume 14 Issue E5): .
Crossref Journal DOI 10.17406/GJHSS
Print ISSN 0975-587X
e-ISSN 2249-460X
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Total Score: 107
Country: Nigeria
Subject: Global Journal of Human-Social Science - E: Economics
Authors: Mr. Sunday S. Akpan, Dr. Michael Nnamseh (PhD/Dr. count: 1)
View Count (all-time): 136
Total Views (Real + Logic): 4448
Total Downloads (simulated): 2178
Publish Date: 2014 09, Fri
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Petrol scarcity is a malady and a serious economic problem in Nigeria. Successive governments have, often times, used it as a case for political advances, yet petrol scarcity remained an undefeatable macroeconomic monster in Nigeria. The need for petrol, its availability and affordability is obviously important especially as the risks and its attendant effects are undesirable, hence this investigation with focus on strategic management approaches for minimizing its occurrence. From the analysis, excessive corruption, mismanagement of government treasury, etc., were found as causes of petrol scarcity while socioeconomic unrest, hike in transport fare, retardation of economic growth, etc were found as its associated risks. Also government strategies of task force formation, downstream sector reforms, etc were found to have no significant mitigating effect on petrol scarcity. Consequently, the use of balanced score card, SWOT analyses etc were recommended as potent strategic approaches for managing and forestalling petrol scarcity in Nigeria.
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