Abstract
Every management action or lack of action can affect the financial health of a business. Unfortunately, it is very difficult to predict whether effects will be financially positive, negative, or neutral over the following weeks, months or years. Generally change costs money which is expected to be returned over a time span by efficiencies resulting from the changes. If the changes temporarily cause greater inefficiencies than anticipated, the result may be bankruptcy. Such disastrous consequences usually result from a failure to gather and communicate appropriate cost information within the organization.
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© 1991 Springer Science+Business Media Dordrecht
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Thornton-Trump, A.B., Yu, E.CO., Hawaleshka, O. (1991). Simulation of the Introduction of Computer Integrated Manufacturing. In: Tzafestas, S.G. (eds) Engineering Systems with Intelligence. Microprocessor-Based and Intelligent Systems Engineering, vol 9. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2560-4_61
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DOI: https://doi.org/10.1007/978-94-011-2560-4_61
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