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A Theory of Constraints (TOC) Advocate Visits Your Factory and Seems

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Essay

A Theory of Constraints (TOC) advocate visits your factory and seems bemused by your use of EOQ to set your batch sizes. You launch into a brilliant defense of the EOQ. The TOC advocate grabs a piece of chalk and proceeds to sketch two sets of inventory cost curves on your pristine shop floor. What will his two different sets of cost curves look like and why?


Definitions:

Sinful Pleasures

Enjoyments or indulgences that are considered morally wrong or offensive according to certain ethical, religious, or societal norms.

Pascal

Blaise Pascal, a 17th-century French mathematician, physicist, inventor, writer, and Christian philosopher known for his contributions to the development of probability theory and his philosophical wager on the existence of God.

Least Evils

A concept in moral philosophy where, among undesirable options, the one that causes the least harm or injustice is chosen.

Innocent Man

An individual who is not guilty of a crime or wrongdoing for which they may have been accused.

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