Operations Management Articles Home
Quick Article Search
Contact Operations Management Articles
Operations Management Article Categories:
Cost Analysis for World Class Change: Part 3: Financial Models in Context - Analytical techniques Article
The article entitled: "Cost Analysis for World Class Change: Part 3: Financial Models in Context" is in the Analytical techniques Articles section of Operations Management Papers area...
ARTICLE DESCRIPTION: This article reviews the models presented in parts 1 and 2 and contextualises their application...
MORE INFO: Cost Analysis for World Class Change: Part 3: Financial Models in Context This article reviews the models presented in parts 1 and 2 and contextualises their application... In part 1 of this series, Womack and Jones'[4 ] model is reviewed. Their model produces a one-time benefit to the accounts of businesses attempting to go lean. This one-time hit comes from using safety stock materials in production and in order to reduce the buffer size. Shown in part 2 of this series, a cost-of-conformance model by Hines ’et al [1 ] produced results. The improvement in profit derived from Hines’ model would provide a budget to sustain a continuous improvement programme...
PUBLISHER: Institute of Operations Management
Page number: Page: 16 Word count: Words: approx. 2000
Vol 27 - No 04 - May 2001
The article can be downloaded in full from the publisher's site i.e. the Institute of Operations Management.
Thank you for searching on Operations Management Articles.co.uk for Analytical techniques article entitled: Cost Analysis for World Class Change: Part 3: Financial Models in Context in the Operations Management / Analytical techniques Articles and Papers Category.