Simulation-Based Optimisation Model for the Lean Assessment in SME: A Case Study

Due to their space limitation and small production scale, Small and Medium sized Enterprises (SME) are vulnerable to rapid changes. Lean principles are considered as effective improvement approach to eliminate system's waste and inefficiencies. Although much of the academic materials have addressed the lean practices into large, global companies, they can still be adjusted to SMEs. Risks are usually associated with lean implementation process due to the drastic required changes in business policies and operations. Simulation can be successfully used to predict the impact of the proposed changes ahead of the implementation which helps to mitigate risks. Integrating simulation with optimization techniques provides optimum settings of the lean factors prior to the go live stage.

Provided by: Dublin Institute of Technology Topic: SMBs Date Added: Dec 2011 Format: PDF

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