Business, Management and Accounting
8 years ago

Optimizing Industrial Cluster Formation for Maximum Efficiency and Cost Control.

Palgrave Macmillan UK eBooks
An Application of the Levels of Organization in Biology to Process Formation in an Industrial Cluster: The Economies of Sequence
Akifumi Kuchiki, Tetsuo Mizobe

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The article discusses how industrial clusters form in manufacturing. By organizing segments in a specific order, clusters can be formed efficiently. This concept, called economies of sequence, helps control costs in forming industrial clusters. The researchers looked at the automobile industry cluster in Thailand and the electronics industry cluster in Vietnam to understand this process.