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Challenging one of the basic "laws" of Economics (& TOC)

Level of TOC knowledge: Intermediate
Academic Research for:
Operations/Production, Finance and Measurements
Industry: Manufacturing

Description:

“To maximize the profit of the company, we must produce & sell those products/services with the highest contribution per unit of scarce resource”... Is this always true? What if the company has more than one constraint?  This presentation addresses:  1. What types of “Limiting Factors”, scarce resources or constraints can restrict company profitability?  2. What “RULES” should we use to “allocate” scarce resources in a way that will maximize company profitability? and 3. Can we use the same “RULES” regardless of the organization’s complexity and uncertainty? Presented during the TOCICO Annual Conference (Miami, FL - November 2006).

Length: Full Video: 1hr 5min; Free excerpt: 5min
Language: English
Format: DVD, OnDemand internet video streaming, Download



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