2016
DOI: 10.21008/j.2083-4950.2016.6.1.8
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Production Economics with the Use of Theory of Constraints

Abstract: The article is a literature review in the scope of theory of constraints in manufacturing companies developed by E. Goldratt. Particular emphasis is placed on the economic sphere of such companies as opposed to the literature dedicated to solving production control problem by using DBR technique advocated by developers and active users of theory of constraints. The article aims to show the approach to the presentation of measurements developed by theory of constraints in the context of corporate net profit and… Show more

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Cited by 5 publications
(4 citation statements)
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References 25 publications
(23 reference statements)
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“…Regularly, these measures are practically used for optimisation of product mix (Alsmadi et al 2014;Wojakowski 2016;Gupta et al 2002). Such measures should be used for decisions that influence the organisation' s main goal (Goldratt and Cox 1992).…”
Section: Discussionmentioning
confidence: 99%
“…Regularly, these measures are practically used for optimisation of product mix (Alsmadi et al 2014;Wojakowski 2016;Gupta et al 2002). Such measures should be used for decisions that influence the organisation' s main goal (Goldratt and Cox 1992).…”
Section: Discussionmentioning
confidence: 99%
“…Pereira Librelato et al (2014, p. 927) report on the TOC applications of a number of giant business and non-business organisations/ institutions, namely, the following: 3M, Amazon, Boeing, Delta Airlines, Ford Motor Company, General Electric, General Motors and Lucent Technologies, the British National Health Service, the United Nations, NASA, the US Department of Defense (Air Force, Marine Corps and Navy), and the Israeli Air Force. However, a peculiar field of TOC application is to mix product optimisation with the Throughput Accounting methodology (Alsmadi, Almani, & Khan, 2014;Corbett, 1998;Wojakowski, 2016).…”
Section: Theory Of Constraints In the Literaturementioning
confidence: 99%
“…the use of SMED makes sense in the case of multi-range production and only where there are at least a few set-ups within a shift). Therefore, the correct choice of method should be preceded by a comprehensive analysis, which includes the specifics of the particular production process , (Hadaś, 2014), (Wojakowski, 2016).…”
Section: Total Productive Maintenancementioning
confidence: 99%