Determining the relationship between complexity and company profitability.

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Authors

Clarence, Jaco

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University of Pretoria. Faculty of Engineering, Built Environment and Information Technology. Dept. of Industrial and Systems Engineering

Abstract

The Industrial Engineer is responsible to ensure a sustainable business by balancing man, machine and money through business processes however balancing these parts is proven to become more difficult as the system complexity becomes increasingly more complex. Therefore by determining the relationship between complexity and profitability of a business and obtaining a positive outcome may result in showing some of the possibilities that complexity management holds for Industrial Engineers. These possibilities includes rather shifting the focus from optimising a system when there is limiting constraints that makes optimising difficult, to managing the complexity of that system and achieving the same or better results in the process. Results such as increased profit and actually managing the complexity with the many positive results that complexity management can produce.

Description

Thesis (B Eng. (Industrial and Systems Engineering))--University of Pretoria, 2011.

Keywords

Mini-dissertations (Industrial and Systems Engineering)

Sustainable Development Goals

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