Goldratt’s Thinking Process: Is There a Place for it in the Total Enterprise Simulation
AbstractDesigners of business simulations attempt to achieve representational validity through the use of algorithms that mimic the business world (Feinstein & Cannon, 2002). This paper introduces the Eliyahu Goldratt’s Theory of Constraint and Thinking Process as a means of modeling the decision making process. Both the Theory of Constraints and the Thinking Process are described and explained through the application of a simulated small business start up. Possible application of this theory to the business simulation is explored.
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