Title :
Multi-factor analysis of firm-level performance through feed-forward, feed-back relationships
Author :
Park, Young H. ; Miller, David M.
Author_Institution :
Dept. of Ind. Eng., Kwandong Univ., Kang Reung, South Korea
Abstract :
The article presents the results of research to develop a descriptive model of firm level productivity that will allow a myriad of factor interactions to be directly accounted for. The model is a linked set of equations that attempt to capture how changes in one factor influences the level of another factor, and ultimately bottom line performance. The model is coded in SIMAN. It is used to determine the best use of an infusion of funds-should they go for additional automation, or training, etc. An application of the model to US industry is presented based on parameter values obtained through a national survey
Keywords :
digital simulation; feedforward; manufacturing data processing; simulation languages; SIMAN; US industry; bottom line performance; descriptive model; factor interactions; feed-back relationships; firm level productivity; firm-level performance; multi factor analysis; national survey; parameter values; Automation; Costs; Equations; Feedforward systems; Gain measurement; Industrial engineering; Industrial training; Management training; Performance analysis; Productivity;
Conference_Titel :
Simulation Conference Proceedings, 1998. Winter
Conference_Location :
Washington, DC
Print_ISBN :
0-7803-5133-9
DOI :
10.1109/WSC.1998.746024
