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If Your Company is Considering the Theory of Constraints

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dc.contributor Казанский федеральный университет
dc.contributor.author Izmailov Azar Elyasovich
dc.date.accessioned 2016-09-27T11:00:02Z
dc.date.available 2016-09-27T11:00:02Z
dc.date.issued 2014
dc.identifier.citation Izmailov А. If Your Company is Considering the Theory of Constraints / A. Izmailov // Procedia - Social and Behavioral Sciences. - 2014. - Vol.150. - P. 925-929.
dc.identifier.uri http://dspace.kpfu.ru/xmlui/handle/net/104570
dc.description.abstract TOC's basic vocabulary emphasizes its philosophy and its three performance measures. Throughput equals sales revenue minus direct materials cost--it measures the speed at which the company makes money. Inventory is the raw materials value tied up in work in process and finished goods. Large amounts of inventory are undesirable because it means that the company has spent money for production that hasn?t generated revenue yet. Operating expenses are all of the costs of operations other than direct materials costs. Under the Theory of Constraints, operating expenses are fixed and therefore irrelevant to any TOC decision. Of the three terms, throughput is the most important. It tells the company that it is achieving its goal of making money. Moreover, increases in throughput mean that the rate at which the company is making money is increasing.
dc.language.iso en
dc.relation.ispartofseries Procedia - Social and Behavioral Sciences
dc.rights открытый доступ
dc.subject Theory of constraints
dc.subject project management
dc.subject management accunting
dc.subject Critical Chain Project Management
dc.subject.other Экономика. Экономические науки
dc.title If Your Company is Considering the Theory of Constraints
dc.type Article
dc.contributor.org Институт управления, экономики и финансов
dc.description.pages
dc.relation.ispartofseries-issue 150
dc.pub-id 119478


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