Theory of constraints

From CNM Wiki
Jump to: navigation, search

Theory of constraints (TOC) is describes methods to maximize operating income when faced with some bottleneck and some nonbottleneck operations.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Theory of constraints (TOC). Describes methods to maximize operating income when faced with some bottleneck and some nonbottleneck operations.