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Synopsis
Excerpt from Information and Control for Resource Management in a Growing Market
In a growing market, management tries to match resources with de mand. Unfortunately, demand cannot be measured. It can only be esti mated from other variables. Typically, management estimates demand from the order rate, unfilled order backlog, and inventory. This information flow couples the market and resources in a feedback structure which causes the paradox of slow growth while management apparently matches resources to demand.
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- PublisherForgotten Books
- Publication date2024
- ISBN 10 1334430721
- ISBN 13 9781334430725
- BindingPaperback
- LanguageEnglish
- Number of pages63
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Information and Control for Resource Management in a Growing Market
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: New. Print on Demand. This book presents an innovative resource management policy that helps firms avoid the paradox of slow growth while believing they are meeting high demand. The author argues that typical resource control policies often retard growth by basing estimates of demand on limited information. Instead, the author recommends using competitive variables to estimate demand, which more accurately reflects market needs. This policy enhances growth while minimizing the risk of excess resources. Case studies illustrate the implementation of this policy, demonstrating its ability to adapt to different market dynamics and resource constraints. By adopting this approach, firms can effectively exploit growth opportunities, leading to enhanced profitability and success in a competitive market. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334430725_0
Quantity: Over 20 available
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Information and Control for Resource Management in a Growing Market Classic Reprint
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
Seller rating 4 out of 5 stars
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781334430725
Quantity: 15 available