Thomas P Joseph

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Managers often are asked to consider opportunities that involve risks. Traditional approaches to evaluating uncertainty fall short of providing a comprehensive view of possible outcomes. Risk analysis techniques using Monte Carlo simulation offer a more sophisticated approach that can help the manager better understand and manage those risks. This article(More)
With a review by Dr. Jeffrey Liker, noted lean management expert and best-selling author: “I believe there is a real need for papers like yours... ...The methodology you illustrate through value stream mapping, re-layout, and planning overall flow is the right approach and labs need to see the real example you describe to understand what is possible.”(More)
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