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The theory of constraints (TOC) is a management paradigm that views any manageable system as being limited in achieving more of its goals by a very small number of constraints. There is always at least one constraint, and TOC uses a focusing process to identify the constraint and restructure the rest of the organization around it.
The primary thinking processes, as codified by Goldratt and others: Current reality tree (CRT, similar to the current state map used by many organizations) — evaluates the network of cause-effect relations between the undesirable effects (UDE's, also known as gap elements) and helps to pinpoint the root cause(s) of most of the undesirable effects.
The evaporating cloud is one of the six thinking processes in the theory of constraints (TOC). The evaporating cloud (EC) – also referred to in the literature as "the cloud", or as a "conflict resolution diagram" [ 1 ] – is a logical diagram representing a problem that has no obvious satisfactory solution.
Pages in category "Theory of constraints" The following 14 pages are in this category, out of 14 total. This list may not reflect recent changes. ...
There are several different degrees of incentive-compatibility: [4] The stronger degree is dominant-strategy incentive-compatibility (DSIC). [1]: 415 It means that truth-telling is a weakly-dominant strategy, i.e. you fare best or at least not worse by being truthful, regardless of what the others do.
The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.
In contrast to the frequency domain analysis of the classical control theory, modern control theory utilizes the time-domain state space representation, [citation needed] a mathematical model of a physical system as a set of input, output and state variables related by first-order differential equations. To abstract from the number of inputs ...
Constraints accounting is an accounting technique, much like throughput accounting, which focuses on ongoing improvement and implementation of the theory of constraints. It includes an explicit consideration of the role of constraints, a specification of throughput contribution effects, and the decoupling of throughput from operational expenses.