SME MR920370

TIME DELAYS, BATCHING AND CERTAIN OTHER PRACTICES CAN BRING WIDE FLUCTUATIONS, SELF-SUSTAINING OSCILLATIONS, INSTABILITY, AND UNPREDICTABLE CHAOS IN INFORMATION FLOWS, PEOPLE FLOWS AND CASH FLOWS. TIME-BASED COMPETITION MITIGATES THIS CHAOS AND INSTABILITY BY: REDUCING TIME DELAYS, MINIMIZING AMPLIFICATION, REDUCING BATCHES, SIMPLIFYING, MINIMIZING NON-LINEAR FUNCTIONS. FEEDBACK SYSTEM ANALYSIS WAS DEVELOPED IN THE 1930S AND FORRESTOR APPLIED IT TO BUSINESS SYSTEMS IN THE 1960S. YET THESE CONCEPTS ARE ALMOST UNKNOWN IN INDUSTRY. THE COMPUTERS THAT MADE FORRESTOR'S WORK POSSIBLE ALSO PROMOTE THE BATCHING, DELAYS AND INFORMATION BUREAUCRACY THAT PRODUCES SUCH STRANGE EFFECTS IN OUR BUSINESS SYSTEMS.

Product Details

Published:

06/01/1992

Number of Pages:

23

File Size:

1 file , 1.4 MB