Management science, theory of constraints/optimized production technology and local optimization

This study uses a controlled laboratory experiment to compare the performances of Management Science (MS), Theory of Constraints/Optimized Production Technology (TOC/OPT) and Local Optimization (LO) approaches to production planning. The OPT game was used as the experimental instrument. The subjects...

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Published in:Omega (Oxford) Vol. 25; no. 2; pp. 189 - 200
Main Author: Verma, R.
Format: Journal Article
Language:English
Published: Exeter Elsevier Ltd 01.04.1997
Elsevier
Pergamon Press
Pergamon Press Inc
Series:Omega
Subjects:
Applied sciences
Comparative studies
controlled laboratory experiment
Exact sciences and technology
Experiments
Inventory control, production control. Distribution
Laboratories
Linear programming
Management
Management science
management science linear programming theory of constraints controlled laboratory experiment theory testing
Manufacturing
Operational research and scientific management
Operational research. Management science
Optimization
Production planning
Technology
Theory
Theory of constraints
theory testing
controlled laboratory experiment
linear programming
theory of constraints
theory testing
management science
Management science
Local optimum
Production control
Linear programming
Planning
Experiments
Optimization
ISSN:0305-0483, 1873-5274
Online Access:Get full text
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Abstract This study uses a controlled laboratory experiment to compare the performances of Management Science (MS), Theory of Constraints/Optimized Production Technology (TOC/OPT) and Local Optimization (LO) approaches to production planning. The OPT game was used as the experimental instrument. The subjects were given hint sheets based on MS, TOC/OPT and LO approaches. The results show that production planning by MS and TOC/OPT approaches improve the performance more than the LO approach. Additionally MS was found to improve the performance more than TOC. Statistical power analysis of the data suggests that the laboratory experiment had a high power and the tested approaches had a medium to large effect on performance.
AbstractList A controlled laboratory experiment is used to compare the performances of management science (MS), theory of constraints/optimized production technology (TOC/OPT) and local optimization (LO) approaches to production planning. The results show that production planning by MS and TOC/OPT approaches improve the performance more than the LO approach. MS was found to improve the performance more than TOC. Statistical power analysis of the data suggests that the laboratory experiment had a high power and the tested approaches had a medium to large effect on performance.
This study uses a controlled laboratory experiment to compare the performances of Management Science (MS), Theory of Constraints/Optimized Production Technology (TOC/OPT) and Local Optimization (LO) approaches to production planning. The OPT game was used as the experimental instrument. The subjects were given hint sheets based on MS, TOC/OPT and LO approaches. The results show that production planning by MS and TOC/OPT approaches improve the performance more than the LO approach. Additionally MS was found to improve the performance more than TOC. Statistical power analysis of the data suggests that the laboratory experiment had a high power and the tested approaches had a medium to large effect on performance.
Author Verma, R.
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10.1016/0272-6963(95)00020-S
10.1080/00207549208942967
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10.1016/0360-8352(90)90017-G
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Keywords controlled laboratory experiment
linear programming
theory of constraints
theory testing
management science
Management science
Local optimum
Production control
Linear programming
Planning
Experiments
Optimization
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  article-title: OPT — Fantasy or breakthrough?
  publication-title: Production and Inventory Management
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  year: 1992
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  article-title: The product-mix decision: a comparison of theory of constraints and labor-based management accounting
  publication-title: Production and Inventory Management Journal
– year: 1992
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  start-page: 585
  year: 1990
  ident: 10.1016/S0305-0483(96)00060-6_BIB10
  article-title: Synchronized manufacturing as in OPT: from practice to theory
  publication-title: Computers and Industrial Engineering
  doi: 10.1016/0360-8352(90)90017-G
– year: 1990
  ident: 10.1016/S0305-0483(96)00060-6_BIB2
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Snippet This study uses a controlled laboratory experiment to compare the performances of Management Science (MS), Theory of Constraints/Optimized Production...
A controlled laboratory experiment is used to compare the performances of management science (MS), theory of constraints/optimized production technology...
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SubjectTerms Applied sciences
Comparative studies
controlled laboratory experiment
Exact sciences and technology
Experiments
Inventory control, production control. Distribution
Laboratories
Linear programming
Management
Management science
management science linear programming theory of constraints controlled laboratory experiment theory testing
Manufacturing
Operational research and scientific management
Operational research. Management science
Optimization
Production planning
Technology
Theory
Theory of constraints
theory testing
Title Management science, theory of constraints/optimized production technology and local optimization
URI https://dx.doi.org/10.1016/S0305-0483(96)00060-6
http://econpapers.repec.org/article/eeejomega/v_3a25_3ay_3a1997_3ai_3a2_3ap_3a189-200.htm
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Volume 25
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