# seminar MGT

Are “lean strategies” inconsistent with the achievement of optimization?
Why or why not?

http://www.isr.umd.edu/~jwh2/projects/gahagan.html

Optimization includes cost, schedule, and performance criteria. Often times manufacturing or production waste is trivial cost, and it may pay to have some waste. For instance, in getting a ship out of drydock (cost 56K per day) it may pay to order from multiple vendors to get just one seavalve to get the ship out of dock. THe other, the late one, can go wherever, or sold for scrap. The idea is not to subobtimize on some subelement of cost, schedule, or performance...and waste management might be a subelement that is trivial. Never let the bean counters manage a project for you.

Optimization includes cost, schedule, and performance criteria. Often times manufacturing or production waste is trivial cost, and it may pay to have some waste. For instance, in getting a ship out of drydock (cost 56K per day) it may pay to order from multiple vendors to get just one seavalve to get the ship out of dock. THe other, the late one, can go wherever, or sold for scrap. The idea is not to subobtimize on some subelement of cost, schedule, or performance...and waste management might be a subelement that is trivial. Never let the bean counters manage a project for you.

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