United States Patent Application Publication - Predictive Cost Reduction Based on a Thermodynamic Model
AbstractPredictive cost reduction based on a thermodynamic model, in which parameters associated with a process are accessed. The parameters include a quantity of units of work-in-process at first and second times, and first and second constants respectively indicative of growth between the first and second times, and of a translated reduction of the work-in-process to a reduction of cost. A thermodynamic model is applied to the accessed parameters, and a predictive cost reduction associated with an improvement of the process based on applying the thermodynamic model is output.
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Bibliographic InfoPaper provided by Institute of Business Entropy in its series Working Papers with number 0608.
Length: 35 pages
Date of creation: Sep 2007
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Web page: http://www.entropy2718.com
Profit Increase Prediction; Process Entropy; Information; Complexity; Waste; Equation of Profit; Little’s Law; Business Analogies with Thermodynamics; Boltzmann’s Constant of Business; Carnot; Shannon;
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