Variability: Managing the Variability in Operations

Gilad Issar and Liat Ramati Navon

Chapter 34 in Operational Excellence, 2016, pp 157-158 from Springer

Abstract: Abstract The statistical nature of the operations consist of several variables as production equipment performances, people proficiency, process stability and few others. When we apply certain methodologies in planning and managing this variability we can minimize and diminish the effect the variability in the operations on its efficiency, output and financial results. These methodologies are significantly cost effective in compare to the alternative of building more plants for production and high capital investments in production equipment.

Keywords: Variability; Preventive maintenance; Availability; Proficiency; Statistical process control; Investments (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-20699-8_34

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DOI: 10.1007/978-3-319-20699-8_34

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