process improvement initiatives such as Lean, Six Sigma and Complexity reduction. While the application of these initiatives … 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 …

investments in process improvement initiatives such as Lean, Six Sigma and Complexity reduction. While the application of these … the profit 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 …

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

and waste in a Carnot Heat engine. We hypothesize that the waste in an economic process is also proportional to entropy as … resulting profit that would flow from investments in process improvement initiatives such as Lean, Six Sigma and Complexity … reduction which reduce cycle time and improve quality. Empirical data indicates that cost reduction due to waste elimination is …

Entropy was first glimpsed in 1824 when Sadi Carnot, son of the Prime Minister of France, observed that steam engines … 1850 Rudolph Clausius found a mathematical expression for Carnot’s ideas. Clausius found that the ratio of heat to … a manufacturing or service process to create useful products and services. Inevitably business processes must waste some …

constructed in terms of their “Shannon information velocity” which provides a new way to derive the set of variables that effect … criteria developed here are all related to the stream of information value from the market, and the velocity of the resulting … flow of information through the marketing, development, production and distribution processes. These streams are …

of the amount of waste cost elimination based on explicit Lean, Six Sigma and Complexity reduction parameters. … investments in process improvement initiatives such as Lean, Six Sigma and Complexity reduction. While the application of these … by the reduction of internal waste was originally demonstrated by Henry Ford, but has been greatly extended by Toyota …