Analysis and Measurement of the Economic Performance Efficiency of Erbil Feed Company for Feed Production for the Period (2011-2022)

Studies evaluating the performance efficiency of production units are of significant importance because they determine the extent to which a production unit achieves its objectives, identify deviations that may occur during implementation, diagnose their causes, and identify the responsible parties. This is done to take the necessary steps to resolve these issues and improve the unit. Based on the aforementioned, this research analyzes and measures the economic performance efficiency of Erbil Feed Company in feed production during the period (2011-2022). In addition to the analytical method, the research adopted a quantitative approach by estimating economic models using the Autoregressive Distributed Lag (ARDL) model. The research reached several conclusions, including fluctuations in actual production quantities, capacity utilization rates, productivity by type, and gross and net added value during the research period (2011-2022). These fluctuations were influenced by the security, political, and financial conditions Iraq faced, including the financial crisis, the ISIS war, the deterioration of relations between the federal government and the region, and the outbreak of the coronavirus pandemic. Furthermore, the quantitative estimates showed a strong relationship between the determinants and the factors affecting the estimated performance indicators (actual production capacity, added value, labor productivity, and production function). Finally, the research presented a set of proposals that may contribute to the development of the company's activity and similar projects.