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A strategic evaluation of capacity retirements in the steel industry

Author

Listed:
  • B C Dangerfield

    (University of Salford)

  • C A Roberts

    (University of Salford)

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.

Suggested Citation

  • B C Dangerfield & C A Roberts, 2000. "A strategic evaluation of capacity retirements in the steel industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 51(1), pages 53-60, January.
    • Handle: RePEc:pal:jorsoc:v:51:y:2000:i:1:d:10.1057_palgrave.jors.2600902
    DOI: 10.1057/palgrave.jors.2600902
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    Citations

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    Cited by:

    1. T-S Jan & C-T Hsiao, 2004. "A four-role model of the automotive industry development in developing countries: a case in Taiwan," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 55(11), pages 1145-1155, November.
    2. Singer, Marcos & Donoso, Patricio, 2008. "Empirical validation of an activity-based optimization system," International Journal of Production Economics, Elsevier, vol. 113(1), pages 335-345, May.
    3. Y Xing & B Dangerfield, 2011. "Modelling the sustainability of mass tourism in island tourist economies," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(9), pages 1742-1752, September.
    4. M H Kunc & J D W Morecroft, 2007. "Competitive dynamics and gaming simulation: lessons from a fishing industry simulator," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(9), pages 1146-1155, September.
    5. Torres, Juan Pablo & Kunc, Martin & O'Brien, Frances, 2017. "Supporting strategy using system dynamics," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1081-1094.

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