This text provides informative, short introductions to the core concepts of Operations Management. This text contains more than 50 concept entries and is fully cross-referenced.An outstanding reference for Operations Management students at all levels.
Theories are tools composed of a set of laws used to make sense of a phenomenon.
Theory in Operations Management
Schmenner and Swink (1998), among others, are two authors who have expressed concerns about the apparent lack of theory in operations management. However, they suggest that operations management researchers may have been too harsh on themselves as an examination of the operations management literature reveals a number of extant theories. The purpose of this section is to discuss two theoretical aspects of operations management. First, we discuss how operations management research uses, informs and complements economic theories. Then we draw up an inventory of operations management theories and indicate under which concepts they are discussed.
Operations Management and Economic Theory
In concept 1, we have developed a theory ...