Goldratt’s Thinking Process: Is There a Place for it in the Total Enterprise Simulation

Lloyd J. Taylor, Mary Jo Jackson, William T. Jackson, Elizabeth Seanard

Abstract


Designers 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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