Quantifying business process optimization using regression

Gezani Richman Miyambu, Solly Matshonisa Seeletse*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

© 2015 Gezani Richman Miyambu and Solly Matshonisa Seeletse. The paper applies regression methods to model Business Process Optimisation (BPO) in order to derive measures for the extent of BPO achievement if efforts to optimise have already started. This will help to identify components of business that still need to be improved if full optimisation has not yet been achieved in a business. Regression methods were used to explain the tentative relationship of BPO with the variables identified as components of BPO. Two models (one with dummy coefficients and another with probabilistic coefficients) were developed. The first one was found to be unsuitable and lacked resources for further development. The second was satisfactory. A measure of BPO progress was then developed. The data used in the experiments were obtained from a private bank in South Africa. A regression model was designed and then fitted, statistically tested and found to be acceptable. Also, an estimate of the measure of BPO attainment level was developed. The study achieved its main goal, but acknowledgment is made to do more experiments with several larger data sets.
Original languageEnglish
Pages (from-to)945-951
Number of pages7
JournalAmerican Journal of Applied Sciences
Volume12
Issue number12
DOIs
Publication statusPublished - 25 Nov 2015

Keywords

  • Business positioning
  • Maximise benefits
  • Minimise detriments
  • Optimisation

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