Derivation of the the conversion factor ßM, from bits of entropy to dollars of waste

Effective Mass Me of WIP derived from Little’s Law

Entropy was first glimpsed in 1824 when Sadi Carnot, son of the Prime Minister of France, observed that steam engines wasted 97% of their heat energy, and wondered how efficient they could be. An engine works by drawing in heat energy Hi from gasoline and exploding it at high temperature Ti,...

Derivation of the the conversion factor BM, from bits of entropy to dollars of waste

From the time of Henry Ford it has been known that large reductions in cost result from radical reductions in process cycle time. In the case of a Model T, a reduction in cycle time from 14 days to 33hours (i.e. 90% reduction) allowed the same car to be sold at $345 vs. $850. It would be of...

This paper examines the concept of sustainable development and the need to consider its ‘three pillars' – the social, economic and environmental impacts as one interrelated concept - the triple bottom line (TBL). The rationale of the TBL is that no single influence can exist in isolation for...

Purpose – The purpose of this paper is to investigate if country development indicators, i.e. gross domestic product per capita (GDPPC), literacy rate, internet penetration and urban population, influence the generation of e-waste on a global level. The moderation effect due to differences...

Public participation ranging from information sharing to decision-making remains central to equitable and effective water management. Involving directly and indirectly affected individuals in decision-making facilitates trust and can establish partnerships. It also helps ensure that vital...

The Hollywood quot;studio systemquot; - with production, distribution, and exhibition vertically integrated - flourished from the late teens until 1948, when the U.S. Supreme Court issued its famous Paramount decision. The Paramount consent decrees required the divestiture of affiliated theater...

In the recent case of Deloach v. Philip Morris, plaintiff tobacco growers accused the major cigarette manufacturers of using unusually structured tobacco auctions to engage in monopsony collusion. The DeLoach case produced one of the largest antitrust settlements ever. The objective of this...