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AMERICAN JOURNAL OF MANAGEMENT
Forty Years and Still Evolving: The Theory of Constraints
Author(s): Jim A. McCleskey
Citation: Jim A. McCleskey, (2020) "Forty Years and Still Evolving: The Theory of Constraints," American Journal of Management, Vol. 20, Iss. 3, pp. 65-74
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This manuscript presents a literature review of the Theory of Constraints. The literature is divided into three periods: the early (1980-1995), the expansion (1996-2014) and the past five years (2015-2019). The theory has been applied to production efficiency, supply chain management, cost accounting, product-mix decisions, and strategic decision-making. It has evolved into a more mature management philosophy and thinking process. The theory has become integrated with other related or competitive theories and has withstood the test of time as an effective and intuitive approach to thinking about a broad range of functional areas, problems, and methods of decision-making.
