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: | Roberts C.A., Dangerfield B.C. |
Keywords: | simulation: applications, mineral industries |
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.