Goldratt’s Thinking Process: Is There a Place for it in the Total Enterprise Simulation

Authors

  • Lloyd J. Taylor
  • Mary Jo Jackson
  • William T. Jackson
  • Elizabeth Seanard

Abstract

Designers of business simulations attempt to achieve representational validity through the use of algorithms that mimic the business world (Feinstein & Cannon, 2002). This paper introduces the Eliyahu Goldratt’s Theory of Constraint and Thinking Process as a means of modeling the decision making process. Both the Theory of Constraints and the Thinking Process are described and explained through the application of a simulated small business start up. Possible application of this theory to the business simulation is explored.

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Published

2014-02-17