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

by Dr. Alan Barnard  

“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?

© TOCICO - Produced by Goldratt Marketing
Duration: 65 min
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Level of knowledge
  • Intermediate
  • Finance and Measurements
  • Operations/Production
  • Manufacturing
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