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Are there any interesting mathematical or other tools that you recommend to evaluate hidden bottlenecks systematically? I wonder for example, about Toyota makin
by dv_dt 5y ago
Are there any interesting mathematical or other tools that you recommend to evaluate hidden bottlenecks systematically? I wonder for example, about Toyota making a decision to add inventory buffer for chips vs other auto makers. Great decision in hindsight, but how did they evaluate that in context with other possible actions.
- pm90 5y agoThe only way to know for sure is by experiments/simulations. The heart of any competent operations team, whether its in computer systems or plain old logistics, is drills. You can't simulate every possible scenario, but you try to analyze and get an initial set, and the build that up as you run into actual production issues. What you want to avoid is running scripts for the first time in the middle of a disaster.
- wiml 5y agoFrom what I remember this (at least used to) fall under the heading "operations research", which spawned a lot of mathematical tools used elsewhere like queueing theory. Related terms include supply chain engineering, logistics, industrial engineering, and the general ideas of scientific management, Taylorism, etc.