Abstract
Optimized Production Technology (OPT), is a technological breakthrough in computerized planning and scheduling in manufacturing. OPT contends that only certain products in the system need to be accurately monitored. This concept stems from Pareto’s principle, only a few of the products generate most of the profit. OPT identifies the bottleneck products that cost justify the investment in data accuracy.
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© 2015 Academy of Marketing Science
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Austin, J. (2015). That Mysterious “Black Box” Called OPT. In: Rogers III, J., Lamb, Jr., C. (eds) Proceedings of the 1983 Academy of Marketing Science (AMS) Annual Conference. Developments in Marketing Science: Proceedings of the Academy of Marketing Science. Springer, Cham. https://doi.org/10.1007/978-3-319-16937-8_135
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DOI: https://doi.org/10.1007/978-3-319-16937-8_135
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-16936-1
Online ISBN: 978-3-319-16937-8
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