Local Efficiency vs. Global Efficiency – What They Are and Why You Should CareKen Furlong
schedule 8 months agoSold Out!
“We should do it because it’s more efficient.” Well, perhaps not. Do you mean it’s more locally efficient or more globally efficient?
In this talk, we’ll discuss the differences between local and global efficiency and how “it’s more efficient” is often times a fallacy that will lead to poor results. We’ll look at the positive effects of optimizing for the whole (i.e., global optimization) and how to know where in the system to look in order to do that.
This talk will introduce the basics of Systems Thinking and Theory of Constraints so that participants are familiar with the concepts and continue their learning afterwards.