Algorithm of the Heuristic Model for SMART Management in a Medium-Sized Industrial Enterprise

Abstract

The present article synthesizes and describes a 9-step algorithm of a heuristic model for SMART management in a medium-sized industrial enterprise. The need for such a model is related both to the unpredictability of an industrial entity, and to the increasing competition on the basis of innovations, speed and efficiency of manufacturing between the industrial enterprises. This requires the generation, on the basis of research and analysis, of an algorithm of a model integrating a heuristic, as well as a mathematical, management and information-and-technological toolset. The architecture of the algorithm is based on some core fundaments, which determine the activities and development of a medium-sized industrial enterprise, and goes through the following nine stages: researching a medium-sized industrial enterprise and its productiom process, content-related description, containing the dependencies and the properties of the elements of the relation «production – management» in an medium-sized industrial enterprise, decomposition of a medium-sized industrial enterprise to subsystems, and of production to subprocesess and operations, forming a mathematical model through mathematical ratios expressing the links between the parameters of the production process and the borderline and initial conditions, forming an algorithmic model of data base code, creating strict procedures, determining the relations between the parameters of the production process and the borderline and initial conditions, forming an heuristic model of empirical rules and procedures, standards, analogies, expert examinations providing information about the potential development of the correlations between the parameters of the production process and the borderline and initial conditions, forming an information-and-technological model on the basis of connected into a network devices (computers, machines, sensors, etc.), determining a relational system of data exchanged between the parameters of the production process and the borderline and initial conditions, choosing manageable parameters, which should be representative, related to the target function, and also sensitive, meaningful, measurable, related to the bottlenecks in the production process and easily described, and the last stage – specifying the model.

Keywords

• Heuristic model
• SMART management
• Medium-sized industrial enterprise

References

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