4 ms·

I disagree deeply. If you have no buffers that means you can change what you produce without waste. JIT allows you to produce a customized car as it comes of th

I disagree deeply. If you have no buffers that means you can change what you produce without waste. JIT allows you to produce a customized car as it comes of the production line. it can adapt much more quickly then any system with a lot of stock. The problem is not "the system reacts to quickly to our controls". It's "humanity when faced with uncertainty about the pandemic choose to optimize the controls over a to short time frame leading to regret". Economic ideologies also have impact on the choice of the time frame. Blaming that the system reacts to well to our controlls just because it reacting sluggisher might have had a trajectory under the same controls that would have caused less regret this time is my opinion very mistaken.

coolgeek 5y ago
You seem to be missing this part: > JIT assumes you have a reasonably stable flow Covid made nearly every flow unstable. You can't adapt your production process if there aren't alternative options
- freemint 5y ago
  > You seem to be missing this part: No I am not missing that I just think that JIT done right (no true scottsman) doesn't require stable flow. At best it needs predictable flows and in the current economic system where a lot of information is lost at the company border => the only way to ensure predictability in our current system is have steadyness if things pass company borders. If we are making statements about how our economic system ought to be it we should consider either flexible pricing that actually reflects information at the company border (with all the Pareto front guarantees that can bring us) or cross company optimization of the economy (providing better guarantees).
  - coolgeek 5y ago
    This comment is so abstractly general that I can't understand it. But I'd like to. > flexible pricing that actually reflects information at the company border (with all the Pareto front guarantees that can bring us) What information is lost at the border? Why? How is pricing not already flexible?
    - freemint 5y ago
      Answering these questions depends on the particular industry and supply chain. Some industries do a better than others other use flexible pricing

coolgeek 5y ago

You seem to be missing this part: > JIT assumes you have a reasonably stable flow Covid made nearly every flow unstable. You can't adapt your production process if there aren't alternative options

freemint 5y ago
> You seem to be missing this part: No I am not missing that I just think that JIT done right (no true scottsman) doesn't require stable flow. At best it needs predictable flows and in the current economic system where a lot of information is lost at the company border => the only way to ensure predictability in our current system is have steadyness if things pass company borders. If we are making statements about how our economic system ought to be it we should consider either flexible pricing that actually reflects information at the company border (with all the Pareto front guarantees that can bring us) or cross company optimization of the economy (providing better guarantees).
- coolgeek 5y ago
  This comment is so abstractly general that I can't understand it. But I'd like to. > flexible pricing that actually reflects information at the company border (with all the Pareto front guarantees that can bring us) What information is lost at the border? Why? How is pricing not already flexible?
  - freemint 5y ago
    Answering these questions depends on the particular industry and supply chain. Some industries do a better than others other use flexible pricing