APPLYING THE THEORY OF CONSTRAINTS TO INCREASE ECONOMIC VALUE ADDED: PART 2

Authors

  • M. Smith Department of Engineering and Technology Management, University of Pretoria
  • P. Pretorius Department of Engineering and Technology Management, University of Pretoria

DOI:

https://doi.org/10.7166/13-2-309

Abstract

ENGLISH ABSTRACT: This article describes a way to implement the holistic approach of the Theory of Constraints (TOC) which will lead to an increase in the Economic Value Added (EVA) of a business. The approach consists of two parts: the adoption of the holistic approach, and the implementation of a new company strategy. The pitfalls in implementing a holistic approach are discussed. The elements of a company strategy that is compatible with the holistic approach are described.

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Published

2011-11-05

How to Cite

Smith, M., & Pretorius, P. (2011). APPLYING THE THEORY OF CONSTRAINTS TO INCREASE ECONOMIC VALUE ADDED: PART 2. The South African Journal of Industrial Engineering, 13(2). https://doi.org/10.7166/13-2-309

Issue

Vol. 13 No. 2 (2002)

Section

General Articles

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