Production of Goods: What, Where, How, How Much and for Whom

• Autorzy: Jerzy Stadnicki , Yuliia Bashynska
• Języki publikacji: EN

Abstrakty

EN

Purpose: Publications on the issues of justification for the selection of optimal production solutions are extremely numerous, but all of them have not been comprehensive, as they have studied in isolation different aspects of this, in fact, holistic problem. Therefore, the purpose of the article was to develop a systematic approach to justifying the choice of what to produce, where to produce, how to produce, how much to produce and for whom to produce. Design/methodology/approach: Morphological analysis is used as the main research method. Findings: The paper proves that the justification of "what, where, how, how much and for whom" to produce should be carried out comprehensively, interdependently and mutually coordinated, since all these 5 parameters are optimized together within the limits of one task. The proposed sequence of actions will provide a systematic approach to justifying the choice of what to produce, where to produce, how to produce, how much to produce and for whom to produce. Research limitations/implications: In the further study of "what, where, how, how much and for whom" to produce, it is advisable to focus on the problems of the production range in the direction of the "set of goods", which should be produced in the appropriate places using the appropriate technologies, in the appropriate volumes, and for the appropriate sales markets. Practical implications: The use of research results in practice will improve the quality of substantiating the choice of optimal production solutions (what, where, how, how much and for whom to produce). This will have a positive impact on business development. Social implications: The results of the study can be used to improve state policy in the areas of spatial organization of the economy and technological development of the economy, which will have a positive effect on the quality of life of a society. Originality/value: The value of the article lies in the development of a systematic approach to justifying the choice of what to produce (which goods), where to produce (which location), how to produce (with the help of which technologies in each place), how much to produce (in what volume in each place), for whom to produce (for which markets in each location). The article is addressed to entrepreneurs, scientists who deal with the issue of justifying the choice of optimal solutions for the production of goods, as well as state institutions in the field of economic development. (original abstract)

Słowa kluczowe

EN

Production; Sales market for means of production; Production capacity of the company; Theory of production

PL

Produkcja; Rynek zbytu środków produkcji; Zdolność wytwórcza przedsiębiorstwa; Teoria produkcji

• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2023
• Numer: z. 179 Współczesne zarządzanie = Contemporary Management
• Strony: 587--602

Twórcy

autor

Jerzy Stadnicki

• University of Technology, Kielce

autor

Yuliia Bashynska

• State Institution «Institute of regional research named after M.I. Dolishniy» of the National Academy of Sciences of Ukraine

Bibliografia

• 1. Alvarez, S., Barney, J. (2007). Discovery and creation: Alternative theories of entrepreneurial action. Strategic Entrepreneurship Journal, Vol. 1, No. 1, pp. 11-26. https://doi.org/10.1002/sej.4.
• 2. Andersen, A., Brunoe, T., Nielsen, K., Bejlegaard, M. (2018). Evaluating the investment feasibility and industrial implementation of changeable and reconfigurable manufacturing concepts. Journal of Manufacturing Technology Management, Vol. 29, No. 3, pp. 449-477. https://doi.org/10.1108/JMTM-03-2017-0039.
• 3. Azzone, G., Bertele, U. (1989). Measuring the Economic Effectiveness of Flexible Automation A New Approach. International Journal of Production Research, Vol. 27, No 5., pp. 735-746. https://doi.org/10.1080/00207548908942583.
• 4. Beaves, R. (1988). Net Present Value and Rate of Return Implicit and Explicit Reinvestment Assumptions. The Engineering Economist, Vol. 33, No. 4, pp. 275-302. https://doi.org/10.1080/00137918808966958.
• 5. Bernard, A., Moxnes, A., Saito, Y. (2019). Production networks, geography, and firm performance. Journal of Political Economy, Vol. 127, No 2, pp. 639-688. https://doi.org/10.1086/700764.
• 6. Borgonovo, E., Peccati, L. (2004). Sensitivity analysis in investment project evaluation. International Journal of Production Economics. Vol. 90, No. 1, pp. 17-25. https://doi.org/10.1016/S0925-5273(03)00213-5
• 7. Branco, J., Branco, D., de Aguiar, E., Caixeta Filho, J., Rodrigues, L. (2019). Study of optimal locations for new sugarcane mills in Brazil: Application of a MINLP network equilibrium model. Biomass and Bioenergy, Vol. 127, No, 1, pp. 105-117. https://doi.org/10.1016/j.biombioe.2019.05.018.
• 8. Brown, D. (1979). The location decision of a firm: an overview of theory and evidence. Papers of the Regional Science Association, Vol. 43, No. 1, pp. 23-39. https://doi.org/10.1111/j.1435-5597.1979.tb01073.x.
• 9. Bueno, A., Godinho, F., Frank, A. (2020). Smart production planning and control in the Industry 4.0 context: A systematic literature review. Computers & Industrial Engineering, Vol. 149, No. 1, pp. 1-21. https://doi.org/10.1016/j.cie.2020.106774.
• 10. Cantamessa, M., Valentini, C. (2000). Planning and managing manufacturing capacity when demand is subject to diffusion effects. International journal of production economics, Vol. 66, No. 3, pp. 227-240. https://doi.org/10.1016/S0925-5273(99)00126-7.
• 11. Correia, I., Melo, T. (2021). Integrated facility location and capacity planning under uncertainty. Computational and applied mathematics, Vol. 40, No. 5, pp. 175-211. https://doi.org/10.1007/s40314-021-01560-0.
• 12. Daudin, G., Rifflart, C., Schweisguth, D. (2011). Who produces for whom in the world economy? Canadian Journal of Economics, Vol. 44, No. 4, pp. 1403-1437. https://doi.org/10.1111/j.1540-5982.2011.01679.x.
• 13. Dobrowolski, Z., Drozdowski, G. (2022). Does the Net Present Value as a Financial Metric Fit Investment in Green Energy Security? Energies, Vol. 15, No. 1, pp. 353-365. https://doi.org/10.3390/en15010353.
• 14. Fauziah, Z., Hayadi, B., Meria, L., Hasanah, A. (2022). Start Up Digital Business: Knowing Business Opportunities And Tips For Beginners. Startupreneur Business Digital (SABDA Journal), Vol. 1, No. 1, pp. 96-103. https://doi.org/10.33050/ sabda.v1i1.82
• 15. Fujita, M., Krugman, P. (2004). The new economic geography: past, present and the future. Papers in Regional Science, Vol. 83, No. 1, https://doi.org/10.1007/s10110-003-0180-0.
• 16. Fuss, C., Vermeulen, P. (2008). Firms' investment decisions in response to demand and price uncertainty. Applied Economics, Vol. 40, No. 18, pp. 2337-2351. http://doi.org/10.1080/00036840600959909.
• 17. Goswami, M., Daultani, Y. (2023). Product quality optimization vs production capacity optimization: an analytical perspective. International Journal of Quality & Reliability Management, Vol. 40, No. 3, pp. 801-819. https://doi.org/10.1108/IJQRM-10-2021-0364.
• 18. Graaf, T., Overland, I., Scholten, D., Westphal, K. (2020). The new oil? The geopolitics and international governance of hydrogen. Energy Research & Social Science, Vol. 70, No. 1, pp. 101-117, https://doi.org/10.1016/j.erss.2020.101667.
• 19. Heijden, T., Vink, N. (2013). Good for whom? Supermarkets and small farmers in South Africa-a critical review of current approaches to increasing access to modern markets. Agrekon, Vol. 52, No. 1, pp. 68-86. https://doi.org/10.1080/03031853.2013.778466.
• 20. Hjorth, D., Holt, R., Steyaert, C. (2015). Entrepreneurship and process studies. International Small Business Journal, Vol. 33, No. 6, pp. 599-611. https://doi.org/10.1177/ 2F0266242615583566.
• 21. Ho, J., Fang, C. (2013). Production capacity planning for multiple products under uncertain demand conditions. International Journal of Production Economics, Vol. 141, No. 2, pp. 593-604. https://doi.org/10.1016/j.ijpe.2012.09.016.
• 22. Kier, A., McMullen, J. (2018). Entrepreneurial imaginativeness in new venture ideation. Academy of Management Journal, Vol. 61, No. 6, pp. 2265-2295. https://doi.org/10.5465/ amj.2017.0395.
• 23. Korsgaard, S., Berglund, H., Thrane, C., Blenker, P. (2016). A tale of two Kirzners: Time, uncertainty, and the "nature" of opportunities. Entrepreneurship Theory and Practice, Vol. 40, No. 4, pp. 867-889. https://doi.org/10.1111/2Fetap.12151.
• 24. Krugman, P. (2010) The new economic geography, now middle-aged. Regional Studies, Vol. 45, No. 1, pp. 1-7. https://doi.org/10.1080/00343404.2011.537127.
• 25. Leatherbee, M., Katila, R. (2020). The lean startup method: Early-stage teams and hypothesisbased probing of business ideas. Strategic Entrepreneurship Journal, Vol. 14, No. 4, pp. 570-593. https://doi.org/10. 1002/sej.1373.
• 26. Li, R., Ge, S. (2022). Towards economic value-added growth without carbon emission embodied growth in North-North trade-An empirical analysis of US-German trade. Environmental Science and Pollution Research, Vol. 29, No. 29, pp. 874-890. https://doi.org/10.1007/s11356-021-17461-y.
• 27. Magni, C. (2010). Average Internal Rate of Return and investment decisions: A new perspective. Engineering Economics journal. Vol. 55, No. 2, pp. 150-180. https://doi.org/10.1080/00137911003791856.
• 28. Magni, C., Marchioni, A., Baschieri, D. (2023). The Attribution Matrix and the joint use of Finite Change Sensitivity Index and Residual Income for value-based performance measurement. European Journal of Operational Research, Vol. 306, Iss. 2, pp. 872-892, https://doi.org/10.1016/j.ejor.2022.06.059.
• 29. Mariel, K., Minner, S. (2015). Strategic capacity planning in automotive production networks under duties and duty drawbacks. International Journal of Production Economics, Vol. 170, No. 2, pp. 687-700. https://doi.org/10.1016/j.ijpe.2015.05.033.
• 30. Moses, L. (1958). Location and the Theory of Production. Quarterly Journal of Economics, Vol. 72, No. 2. pp. 259-272. https://doi.org/10.2307/1880599.
• 31. Negahban, A., Smith, J. (2018). Optimal production-sales policies and entry time for successive generations of new products. International Journal of Production Economics, Vol. 199, No. 1, pp. 220-232. https://doi.org/10.1016/j.ijpe.2018.03.005.
• 32. Ott, T., Eisenhardt, K., Bingham, C. (2017). Strategy formation in entrepreneurial settings: Past insights and future directions. Strategic Entrepreneurship Journal, Vol. 11, No. 3, pp. 306-325. https://doi.org/10.1002/sej.1257.
• 33. Park, Y., Park, G. (2004), A new method for technology valuation in monetary value: procedure and application. Technovation, Vol. 24, No. 5, pp. 387-394. https://doi.org/10.1016/S0166-4972(02)00099-8.
• 34. Paul, J. (2020). Marketing in emerging markets: a review, theoretical synthesis and extension. International Journal of Emerging Markets, Vol. 15, No 3, pp. 446-468. https://doi.org/10.1108/IJOEM-04-2017-0130.
• 35. Priem, R., Wenzel, M., Koch, J. (2018). Demand-side strategy and business models: Putting value creation for consumers center stage. Long Range Planning, Vol. 51, No. 1, pp. 22-31. https://doi.org/10.1016/j.lrp.2017.07.007.
• 36. Proctor, M., Canada, J. (1992), Past and Present Methods of Manufacturing Investment Evaluation: A Review of the Empirical and Theoretical Literature. The Engineering Economist, Vol. 38, No. 1, pp. 45-58. https://doi.org/10.1080/00137919208903086.
• 37. Safitri, E., Raihana, S., Priono, A. (2023). SWOT Analysis is Used in the Startup Business Development Strategy. Startupreneur Business Digital (SABDA Journal), Vol. 2, No. 2, pp. 136-142. https://doi.org/10.33050/sabda.v2i2.341.
• 38. Shank, J. (1996). Analysing technology investments-From NPV to Strategic Cost Management (SCM). Management Accounting Research, Vol. 6, No. 7, pp. 185-197. https://doi.org/10.1006/mare.1996.0011.
• 39. Solow, R. (1957). Technical Change and the Aggregate Production Function. The Review of Economics and Statistics, Vol. 39, No. 3, pp. 312-320. https://doi.org/10.2307/1926047
• 40. Squadrito, G., Maggio, G., Nicita, A. (2023) The green hydrogen revolution. Renewable Energy, Vol. 216, No. 1, pp. 119-141, https://doi.org/10.1016/j.renene.2023.119041.
• 41. Stadnicki, J., Terebukh, A. (2022). Rationale of the Optimal Location of Production: a System Approach. Management and Production Engineering Review, Vol. 13, No. 3, pp. 110-117. doi: 10.24425/mper.2022.142388.
• 42. Venables, A. (1996). Equilibrium locations of vertically linked industries. International Economic Review, Vol. 37, No. 2. pp. 341-359. https://doi.org/10.2307/2527327.
• 43. Vlachý, J. (2017). The value of innovation in nanotechnology. Engineering Economics, Vol. 28, No. 5, pp. 535-541. http://doi.org/10.5755/j01.ee.28.5.16770.
• 44. Wiendahl, H., Heger, C. (2004). Justifying changeability. a methodical approach to achieving cost effectiveness. Journal for Manufacturing Science and Production, Vol. 6, No. 1-2, pp. 33-40. https://doi.org/10.1515/IJMSP.2004.6.1-2.33

Identyfikatory

DOI

10.29119/1641-3466.2023.179.31