A Joint Venture is where two or more companies come together to undertake joint responsibility for a project. Joint Ventures for large system projects either within a country or international are becoming increasingly common for major projects and will continue to do so.
For Joint Venture Projects to be successful, the particular difficulties that arise must be clearly recognised, and managed.
Introduction
Observations
Difficulties to watch out for and hints on how to ameliorate their effects
Judgmental techniques are a special example of methods to support DECISION MAKING.
Judgmental Techniques are structured ways of allowing subjective judgments about a number of specific detailed elements of the decision to be combined to give a judgment about the whole. This is based on the fact that it is relatively easy to confidently make a subjective judgment about something in particular but difficult to confidently make one about something complex and multifaceted.
Introduction
Generic Approach using Judgmental Methods
Simple Weighting and Scoring
Ranking Methods
Multi-attribute Utility Analysis
Analytical Hierarchy Process (AHP)
Notes on Pairwise Comparison
Mixing Methods
Multi-Viewpoint Assessments
Mathematical Validity
Judgmental Techniques as a Way of Recording Experience
Software Support
Warning note on use of Judgmental Methods and when and when not to use them
Some Notes on the application of weights/scores
JIT is a production process which builds upon the principle that materials, part finished, or finished goods which are not being worked upon are in fact introducing waste into the process.
The aims of JIT are to produce goods/services just at the right time required by the overall process without them having to lie idle waiting for other parts of the process to complete.It is also useful to understand JIT because it is an example of taking a systems view and the benefits that can be attained. (Noting that these benefits can be easily lost if the underlying principles are not fully understood and taken account of in the detailed implementation.)
The concept of JIT can also be applied to other activities than just production lines.
Introduction
Descriptions of JIT
Techniques associated with JIT
Causes of Inventory holdings
Specific Benefits of JIT
Requirement for Successful implementation of JIT