THEORY OF CONSTRAINTS – NEW MANAGEMENT PHILOSOPHY Cover Image

ТЕОРИЯТА НА ОГРАНИЧЕНИЯТА – НОВА УПРАВЛЕНСКА ФИЛОСОФИЯ
THEORY OF CONSTRAINTS – NEW MANAGEMENT PHILOSOPHY

Author(s): Milica Djordjevic, Maja Stojanović
Subject(s): Economy
Published by: ЮГОЗАПАДЕН УНИВЕРСИТЕТ »НЕОФИТ РИЛСКИ«
Keywords: throughput; limitation factors; management

Summary/Abstract: Achieving high company performance is influenced by numerous limitation factors. Theory of Constraints, as a new management philosophy, recognizes necessity for advancing production process while focusing on those limitation factors. This paper will introduce basic assumptions of Theory of Constraints followed by quantitative illustration of its implementation in management – more precisely in using and overcoming system limitations, as well as in order to decide on selling price of the product.

  • Issue Year: 5/2009
  • Issue No: 3
  • Page Range: 43-49
  • Page Count: 7
  • Language: English