The concepts in "Japanese" production theory, also called zero inventory or just-in-time, have often improved productivity dramatically, sometimes by 100 percent or more. The theory's central ...

What is theory of production? The theory involves some of the most fundamental principles of economics. It is an effort to explain the principle, by which a business firm decides how much of each ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Michael Boyle is an experienced financial professional with more ...