Optimised Production Technology
Simulation can be used to investigate the performance of a business process, forecast its future performance or improve existing processes. The concept is designed to help practitioners and business owners discover better and more efficient ways to improve their business and processes.
Technique Overview
Optimised Production Technology Definition
Optimised production technology (OPT) is based on the principle that reducing bottlenecks in a system while optimising and scheduling non-bottlenecks maximises the throughput of a system which in turn increases profits (Goldratt and Cox, 1984, 1992).
Optimised Production Technology Description *
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Business Evidence
Strengths, weaknesses and examples of Optimised Production Technology *
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Business Application
Implementation, success factors and measures of Optimised Production Technology *
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Professional Tools
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Further Reading
Optimised Production Technology web and print resources *
Optimised Production Technology references (4 of up to 20) *
- Balderstone, S.J. and Mabin, V.J. (1998) A Review of Goldratt’s Theory of Constraints (TOC): Lessons from the International Literature. Proceedings of the 33rd Annual Conference of the Operational Research Society of New Zealand, Auckland, pp. 205-14.
- Coughlan, P. and Darlington, J. (1993) As Fast as the Slowest Operations: The Theory of Constraints. Management Accounting, June, pp. 14-17.
- Drury, C. (2004) Management and Cost Accounting. (6th ed.) Thomson Learning, London.
- Drury, C. (2007) Management and Cost Accounting. (7th ed.) South-Western Cengage Learning, London.
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