Open AccessCARIBBEAN VENEER COMPANY
Author(s) -
Rafael V. Bornás Huerta
Publication year - 1993
Publication title -
cuadernos de difusión
Language(s) - English
Resource type - Journals
eISSN - 1815-6606
pISSN - 1815-6592
DOI - 10.46631/jefas.1993.n3.06
Subject(s) - profit (economics) , usable , amateur , production (economics) , order (exchange) , operations research , process (computing) , product (mathematics) , business , profitability index , operations management , computer science , industrial organization , economics , engineering , finance , microeconomics , mathematics , world wide web , political science , law , operating system , geometry
Case study of a small company founded in 1987 by «amateur" entrepreneurs who entrusted their management to operational executives used to «command done» without considering the importance of a plan and without basic technical information. The objective is to apply operational research to a production process of a company seeking to establish a level of input-process-product combination that maximizes the company's income or profit and /or minimizes its operating costs. Simple and easily interpreted mathematical models are used. The case claims the importance of guiding the production manager towards basic analytical information that allows him to identify the current state of the company and its resources in order to make technically feasible and economically profitable decisions. It shows that the application of the operational investigation does not imply the modification of the installed capacity of the company; on the contrary, their solutions correct the greater or lesser use of that capacity, bringing the input-output relationship closer to the maximum usable, which implies greater profits.