THETHEORY OFCONSTRAINTS: ACOMPARATIVEASSESSMENT

Dr. Hamid Reza Alipour () and Gholam Reza Khorshidi ()
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Dr. Hamid Reza Alipour: Assistant Professor, Islamic Azad University, Rasht, Iran
Gholam Reza Khorshidi: Research Scholar, Islamic Azad University, Rasht Branch, Iran.

Far East Journal of Psychology and Business, 2013, vol. 13 No 1 Paper 3 October, issue 3, 24-31

Abstract: This paper examines in detail the relative utility of the Theory of Constraints compared to traditional management accounting approaches to resource utilization in aiding decision making. It also considers the propagation and evolution of the Theory of Constraints and critically examines the response it has generated in the accounting and management literature. The continuing survival of cost accounting in the face of frequent assaults similar to Goldratts may in part be due to the ability of the discipline to adapt its practices to integrate the mandated improvements into practice and educational curricula. One example is the Theory of Constraints itself (e.g. Horngren et. al. 1999; Morse and Zimmerman, 1997). The paper reflects on the process by which new ideas are assimilated into the conventional management wisdom based on this example.

Keywords: Capacity Management; Capacity Plasticity; Constraints; Management Accounting; Financial Brake. (search for similar items in EconPapers)
JEL-codes: M1 (search for similar items in EconPapers)
Date: 2013
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