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Andrew Wagner
Manufacturing and production engineer with ~25 years of experience in aerospace and automotive industries, discussing production-line design, Little's Law, and flexibility techniques like SMED.
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Oct 14, 2025
• 56min
Little's Law: The Transaction Costs of (Re)Drawing Lines
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Andrew Wagner, a veteran manufacturing engineer with 25 years in aerospace and automotive industries, dives into the fascinating world of production design. He explains how transaction costs influence productivity, touching on Adam Smith’s classic examples. Wagner explores Little's Law, the importance of line balancing in food service, and Toyota's SMED technique for reducing changeover times. He emphasizes the significance of worker empowerment and quality economics, illustrating how modern automation and ergonomic design can transform production efficiency.
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