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Complexity Management and Its Impact on Economy

Journal: TEM JOURNAL - Technology, Education, Management, Informatics (Vol.7, No. 2)

Publication Date:

Authors : ;

Page : 324-329

Keywords : Mass customization; Complexity management; Cost; Demand; Production;

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Abstract

The purpose of this article is to describe how complexity impacts on economy. Firstly, the paper introduces and defines the term mass customization and related definitions of a supply and demand function. Subsequently, two domains, market equilibrium and complexity are presented and the complexity impact on economy is studied by changing modularity. Finally, modularity demonstration is shown on the selected examples and enumerated by proposed approaches.

Last modified: 2018-06-01 22:45:44