Tag

lean_manufacturing

2 cards

Economics (general)RCT
Informational Barriers to Management Practice Adoption
Baseline BVR management practice scores correlated at 0.404 (p = 0.077) with the paper's 38 binary practice index across experimental firms, successfully capturing systematic productivity differences across countries and firms.
Economics (general)RCT
Lean Quality Defects Control and Productivity Gains
Adopting modern management practices reduced quality defects by 43.1% (p = 0.001), lowered yarn inventory by 21.7% (p = 0.060), increased output by 9.4% (p = 0.026), and increased Total Factor Productivity (TFP) by 16.6% (p = 0.061), yielding an estimated annual profit increase of $325,000 per plant.