The business of law

Article Abstract:

This article elaborates on links between managerial and legal methods of problem solving to develop a new perspective on the study and teaching of business and law that would be of practical value to both managers and lawyers. In general, professional managers' exposure to law, both in their business law training and their practical experience, conditions them to treat law as a wholly compartmentalized and often arcane aspect of business life. This article points out that the law -- the organization, maintenance, and management of the legal system -- can be treated as a business. The relationship between the legal discipline and business problems can be better understood by an examination of the appropriate analogies between the 'business of law' and the everyday business problems encountered in production, finance, human resource management, and so forth. The article then describes the kinds of rule handling that lawyers must engage in when grappling with these analogous problems in the business of law. (Reprinted by permission of the publisher.)

Study and teaching, Commercial law, Problem solving

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Operating rhythm

Article Abstract:

American manufacturing companies have introduced Just-In-Time and Manufacturing Resource Planning techniques in their efforts to improve their ability to compete. Added to these measures was Optimum Production Technology (OPT), which places an emphasis on maximum throughput through elimination of bottlenecks. An extension of OPT called Operating Rhythm is proposed. It functions best when decision makers from manufacturing, finance, and marketing work together to review a situation and provides a better course of action than if only one segment of an operation is corrected. Operating Rhythm analyzes short time periods but in the long term supports maximum use of resources.

Production control

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The operating impact of parts commonality

Article Abstract:

Analysis of the effect of parts commonality on the operations of a manufacturing entity that employs material requirements planning results in several findings. First, increased commonality can result in decreased workload. It can also result in a fall in holding cost especially when the firm uses economic order quantity methods. It can, unfortunately, also result in the variability of the workload.

Research, Analysis, Usage, Manufacturing processes, Manufacturing, Simulation methods, Simulation, Material requirements planning

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