The State of Management Science Research in Multistage Production Systems

Abstract

Production is defined as the mission of creating wealth (economic goods and services) from a variety of resources (human and non‐ human) by adding values (intrinsic and extrinsic) through transformation (physical and conceptual) so as to derive utilities (form, place, time, economic, non‐economic). This mission is organised through a system. Basically, what a production system looks like is as Fig.1. It is basically the flow of various resources that defines the nature and characteristic of the production system.

Citation

Mohanty, R.P. (1992), "The State of Management Science Research in Multistage Production Systems", Management Research News, Vol. 15 No. 7, pp. 1-7. https://doi.org/10.1108/eb028249