2019
DOI: 10.14807/ijmp.v10i4.969
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Simulation model of a stop production line: the relationship between financial return and productivity

Abstract: Making innovations to become competitive is not always an easy task, and in the industrial sphere, this thinking becomes even more complex. In this sense, proper use in raw material transformation processes becomes very challenging for managers, since improving processes is a condition where more can be done with less. Thus, many organizations seek to develop improvements through existing activities using a variety of techniques that are addressed in the literature, such as value flow mapping, lean production,… Show more

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Cited by 1 publication
(1 citation statement)
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“…Simulation may also be understood as the numerical method applying complex probability dynamic systems through experiments performed by using a computer model. The importance of the simulation consists in the reorganisation of a company aimed at increasing the efficiency of the company structure, re-engineering the technological and all business processes, restructuring the production program, and in the need for a considerable improvement of the production and business processes [11]. Optimisation of the production processes may be carried out by planning the production operations in a certain time [12], improving the production process at the execution level [13], or by applying special approaches aimed at improving the production efficiency [14].…”
Section: Introductionmentioning
confidence: 99%
“…Simulation may also be understood as the numerical method applying complex probability dynamic systems through experiments performed by using a computer model. The importance of the simulation consists in the reorganisation of a company aimed at increasing the efficiency of the company structure, re-engineering the technological and all business processes, restructuring the production program, and in the need for a considerable improvement of the production and business processes [11]. Optimisation of the production processes may be carried out by planning the production operations in a certain time [12], improving the production process at the execution level [13], or by applying special approaches aimed at improving the production efficiency [14].…”
Section: Introductionmentioning
confidence: 99%