2 publications
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Published Subscription
A Markov Chain Model for Assessing the Risk of Road Transport in NigeriaBy L. I. Okoroji, H. O. Amuji, B. N. Okechukwu, W. I. Osuji, K. O. Okeke, V. N. Ikeogu
Abstract: In this paper, we study the occurrence of road accidents in the South-East geopolitical zone of Nigeria to determine the fatality within the period under study. The data for the study was secondary data collected on road accidents from FRSC Statistical Digest, 2019 - 2023. We adopted Markov chain analysis to determine the risk of road transport using the risk matrix. From the result of the study, we discovered that …
Published in NOLEGEIN Journal of Business Risk management · Vol. 8, Issue 1, 2025 · pp. 10–18 Read article →
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Published Subscription
Monte Carlo Method of Simulation for Queuing Problems in the Bank: A Management Decision-Making ToolBy H.O. Amuji, B. N. Okechukwu, K. O. Okeke, I. C. Obinwanne, W. T. Owolabi, C. O Osuagwu
Abstract: In this paper, we study the queuing of loan customers of FUTO Microfinance Bank Nigeria Limited. The management of the bank was faced with the decision problem of either to employ an extra clerk to join a single server in the loan section of the bank or to assign the clerk (server) with extra duties. The management wanted to determine the idle time of the server, the waiting time of …
Published in NOLEGEIN Journal of Operations Research & Management · Vol. 7, Issue 2, 2024 · pp. 32–40 Read article →