Formula for Manufacturing Profit increase based on Thermodynamic Model

Michael George (mike@entropy2718.com)

No 620, Working Papers from Institute of Business Entropy

Abstract: Predictive cost reduction based on a thermodynamic model, in which parameters associated with a process are accessed. The parameters include a quantity of units of Work-in-process at first and second times, and first and second constants respectively indicative of growth between the first and second times, and of a translated reduction of the Work-in-process to a reduction of cost. A thermodynamic model is applied to the accessed parameters, and a predictive cost reduction associated with an improvement of the process based on applying the thermodynamic model is output.

Keywords: Equation of Projected Cost Reduction; Process Entropy; Information; Complexity; Waste; Little’s Law; Shannon; Boltzmann; Carnot (search for similar items in EconPapers)
JEL-codes: C10 C11 C13 C24 C51 D8 L11 L15 L6 L7 L8 M21 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2011-11
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