Information and Control for Resource Management in a Growing Market

Carl Verner Swanson

ISBN 10: 1334430721 / ISBN 13: 9781334430725

Editore: Forgotten Books, 2024

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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. Codice articolo 9781334430725_0

Dati bibliografici

Titolo: Information and Control for Resource ...

Casa editrice: Forgotten Books

Data di pubblicazione: 2024

Legatura: Paperback

Condizione: New

Tipologia articolo: print-on-demand item

Descrizione articolo

Riassunto:

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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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.