Proposes that a broad perspective needs to be taken of operations management, so that it is no longer seen as the domain of mechanistic functionalism, but rather as the architect and engineer of the business model driving in turn the firm's creation of value. Suggests that a value chain approach...

This paper investigates a case whereby the historical monopoly of a medical college was challenged by internal dissenters and also by external pressure in the form of national competition policy. The case is particularly notable in that the apparently private domain of medical training is now...

This article considers the effect of freight discounts and disposals on the inventory policies of a profit‐maximising firm with price‐elastic demand and with price as a mark‐up on the acquisition cost. In addition, the cost of placing an order is in part dependent upon a freight‐cost...