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Derivation of the the conversion factor from bits of entropy to dollars of waste

George, Michael Louis - Institute of Business Entropy - 2013

Derivation of the the conversion factor ßM, from bits of entropy to dollars of waste …

Persistent link: https://www.econbiz.de/10010728836

Effective Mass Me of WIP derived from Little’s Law

George, Michael Louis - Institute of Business Entropy - 2013

Effective Mass Me of WIP derived from Little’s Law

Persistent link: https://www.econbiz.de/10010728837

Equi-partition of Energy of WIP R

George, Michael Louis - Institute of Business Entropy - 2013

Derivation of the the conversion factor BM, from bits of entropy to dollars of waste …

Persistent link: https://www.econbiz.de/10010733772

Derivation of Minimum Batch size to minimize WIP and Cycle Time

George, Michael Louis - Institute of Business Entropy - 2013

Derivation of Minimum Batch size to minimize WIP and Cycle Time R

Persistent link: https://www.econbiz.de/10010838884

Derivation of the Probability Distribution of WIP velocities

George, Michael Louis - Institute of Business Entropy - 2013

The Ohno Criterion states that WIP with faster velocities have lower cost than WIP with average slower velocities, in manufacturing cycles per unit time: v=G/W where W= number of pieces of Work In Process Inventory (WIP), and G = rate at which pieces exit from WIP to finished goods per unit...

Persistent link: https://www.econbiz.de/10010838885

Little’s Law and Business Entropy

George, Michael Louis - Institute of Business Entropy - 2008

Presentation to John D C Little and Steve Graves

Persistent link: https://www.econbiz.de/10005082635

Predicting the Profit Potential of a Microeconomic Process: An Information Theoretic/Thermodynamic Approach

George, Michael Louis - Institute of Business Entropy - 2007

of a company is greatly increased by the reduction of internal waste was originally demonstrated by Henry Ford, but has … been greatly extended by Toyota. All waste in a process results in longer lead times, measured from the injection of work … thermodynamic waste in a heat engine. Case studies are used to estimate the magnitude of Boltzmann’s Constant for Microeconomic …

Persistent link: https://www.econbiz.de/10005017309

Log Cycle Time as a Predictor of Cost Reduction

George, Michael Louis - Institute of Business Entropy - 2008

reduction which reduce cycle time and improve quality. Empirical data indicates that cost reduction due to waste elimination is … and waste in a Carnot Heat engine. We hypothesize that the waste in an economic process is also proportional to entropy as …

Persistent link: https://www.econbiz.de/10005549330

United States Patent Application Publication - Predictive Cost Reduction Based on a Thermodynamic Model

George, Michael Louis - Institute of Business Entropy - 2007

Predictive cost reduction based on a thermodynamic model, in which parameters associated with a process are accessed. The parameters include a quantity of units of work-in-process at first and second times, and first and second constants respectively indicative of growth between the first and...

Persistent link: https://www.econbiz.de/10009643127

What is Business Entropy

George, Michael Louis - Institute of Business Entropy - 2008

a manufacturing or service process to create useful products and services. Inevitably business processes must waste some … minimum amount of waste in a business process? Can we find an equation for this waste similar to that of Clausius that may … tell us how to reduce the waste? A practical procedure for necessary data collection is defined which will allow management …

Persistent link: https://www.econbiz.de/10008631492