A strategic evaluation of capacity retirements in the steel industry

A strategic evaluation of capacity retirements in the steel industry

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Article ID: iaor2001669
Country: United Kingdom
Volume: 51
Issue: 1
Start Page Number: 53
End Page Number: 60
Publication Date: Jan 2000
Journal: Journal of the Operational Research Society
Authors: ,
Keywords: simulation: applications, mineral industries
Abstract:

Over the past twenty-five years there has been a significant reduction in UK iron and steel making capacity. This has happened primarily as a result of a deliberate strategy which places emphasis on maintaining or improving financial performance. An unanticipated but possible scenario of the consequences of this strategy is offered by means of a system dynamics model. It considers both short and long term effects and represents an aid to learning in the face of the complexity which characterises manufacturing operations.

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