Learnings from Goal
SBM, NMIMS, MUMBAI
Goal by Eliyahu M. Goldratt: Learnings
Assignment
Submitted by: Triparna Chakravorty (E013) Shalini Chhabra (E014) Shirshendu Datta (E015) Darshi Dixit (E016) Abhishek Gambhir (E017) Shivam Garg (E018)
2013
Submitted to:
Prof. Pradeep Owalekar, NMIMS, Mumbai
MANAGING BUSINESS OPERATIONS
Goal by Eliyahu M. Goldratt: Learnings
Table of Contents
“Bowl and Stick” Game Description ................................................................................................... 3 Analogy with a production set up ...................................................................................................... 3 Defining Dependency and Variability ................................................................................................. 5 Statistical fluctuations ....................................................................................................................... 5 Statistical fluctuation in the Bowl & Stick game ................................................................................. 5 Relation between dependent events and Statistical fluctuations ....................................................... 5 Effect of statistical fluctuations on Inventory levels ........................................................................... 6 Implications of statistical fluctuations for organizations..................................................................... 6 Challenges that statistical fluctuations present in front of organizations ............................................ 6 How to make more reliable predictions about projects? ................................................................ 6 How to improve the development process itself? .......................................................................... 7 Perils of high statistical fluctuations................................................................................................... 7 Poor Turnover
Goal by Eliyahu M. Goldratt: Learnings
Assignment
Submitted by: Triparna Chakravorty (E013) Shalini Chhabra (E014) Shirshendu Datta (E015) Darshi Dixit (E016) Abhishek Gambhir (E017) Shivam Garg (E018)
2013
Submitted to:
Prof. Pradeep Owalekar, NMIMS, Mumbai
MANAGING BUSINESS OPERATIONS
Goal by Eliyahu M. Goldratt: Learnings
Table of Contents
“Bowl and Stick” Game Description ................................................................................................... 3 Analogy with a production set up ...................................................................................................... 3 Defining Dependency and Variability ................................................................................................. 5 Statistical fluctuations ....................................................................................................................... 5 Statistical fluctuation in the Bowl & Stick game ................................................................................. 5 Relation between dependent events and Statistical fluctuations ....................................................... 5 Effect of statistical fluctuations on Inventory levels ........................................................................... 6 Implications of statistical fluctuations for organizations..................................................................... 6 Challenges that statistical fluctuations present in front of organizations ............................................ 6 How to make more reliable predictions about projects? ................................................................ 6 How to improve the development process itself? .......................................................................... 7 Perils of high statistical fluctuations................................................................................................... 7 Poor Turnover