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In Barzel (1982)’s theory of the firm, drawing on Jensen and Meckling (1976), the firm emerges as a means of centralising monitoring and thereby avoiding costly redundancy in that function (since in a firm the responsibility for monitoring can be centralised in a way that it cannot if production is organised as a group of workers each acting ...
In engineering and systems theory, redundancy is the intentional duplication of critical components or functions of a system with the goal of increasing reliability of the system, usually in the form of a backup or fail-safe, or to improve actual system performance, such as in the case of GNSS receivers, or multi-threaded computer processing.
William James Reddin also known as Bill Reddin (May 10, 1930 – June 20, 1999) was a British-born management behavioralist, theorist, writer, and consultant.His published works examined and explained how managers in profit and non-profit organizations behaved under certain situations and conditions. [1]
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
Redundancy (information theory), the number of bits used to transmit a message minus the number of bits of actual information in the message; Redundancy in total quality management, quality which exceeds the required quality level, creating unnecessarily high costs; The same task executed by several different methods in a user interface
The concept of a single point of failure has also been applied to fields outside of engineering, computers, and networking, such as corporate supply chain management [6] and transportation management. [7] Design structures that create single points of failure include bottlenecks and series circuits (in contrast to parallel circuits).
In information theory, redundancy measures the fractional difference between the entropy H(X) of an ensemble X, and its maximum possible value (| |). [ 1 ] [ 2 ] Informally, it is the amount of wasted "space" used to transmit certain data.
The Workflow Management Coalition, [6] BPM.com [7] and several other sources [8] use the following definition: Business process management (BPM) is a discipline involving any combination of modeling, automation, execution, control, measurement and optimization of business activity flows, in support of enterprise goals, spanning systems, employees, customers and partners within and beyond the ...