Abstract
A major consideration in production management is to understand the cost impact of various designs. The development of integrated models is necessary for the evaluation of business scenarios. These models can be used to make the problem of investment in manufacturing technology more transparent to decision makers. The assumptions a firm employs regarding the allocation of direct costs can be explored prior to the development of new policies. In this work we use two approaches in developing production cost-profit functions. The first approach minimizes the costs incurred in production while the second approach is concerned with the maximization of profit arising from production. We investigate the impact of throughput and work-in-process inventory (WIP) on cost objective functions by altering a few design choices. These are the number of stations and the total number of buffer slots that must be allocated between workstations. Insights of the behavior of these functions due to the input parameters are discussed.
| Original language | English |
|---|---|
| Title of host publication | 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 |
| Pages | 2120-2129 |
| Number of pages | 10 |
| Publication status | Published - 2006 |
| Externally published | Yes |
| Event | 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 - Taipei, Taiwan Duration: Jun 20 2006 → Jun 23 2006 |
Other
| Other | 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 |
|---|---|
| Country | Taiwan |
| City | Taipei |
| Period | 6/20/06 → 6/23/06 |
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Keywords
- Cost analysis
- Production lines
ASJC Scopus subject areas
- Industrial and Manufacturing Engineering
Cite this
Cost considerations in serial production lines. / Vidalis, M. I.; Papadopoulos, C. T.; O'Kelly, M. E J.
36th International Conference on Computers and Industrial Engineering, ICC and IE 2006. 2006. p. 2120-2129.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - Cost considerations in serial production lines
AU - Vidalis, M. I.
AU - Papadopoulos, C. T.
AU - O'Kelly, M. E J
PY - 2006
Y1 - 2006
N2 - A major consideration in production management is to understand the cost impact of various designs. The development of integrated models is necessary for the evaluation of business scenarios. These models can be used to make the problem of investment in manufacturing technology more transparent to decision makers. The assumptions a firm employs regarding the allocation of direct costs can be explored prior to the development of new policies. In this work we use two approaches in developing production cost-profit functions. The first approach minimizes the costs incurred in production while the second approach is concerned with the maximization of profit arising from production. We investigate the impact of throughput and work-in-process inventory (WIP) on cost objective functions by altering a few design choices. These are the number of stations and the total number of buffer slots that must be allocated between workstations. Insights of the behavior of these functions due to the input parameters are discussed.
AB - A major consideration in production management is to understand the cost impact of various designs. The development of integrated models is necessary for the evaluation of business scenarios. These models can be used to make the problem of investment in manufacturing technology more transparent to decision makers. The assumptions a firm employs regarding the allocation of direct costs can be explored prior to the development of new policies. In this work we use two approaches in developing production cost-profit functions. The first approach minimizes the costs incurred in production while the second approach is concerned with the maximization of profit arising from production. We investigate the impact of throughput and work-in-process inventory (WIP) on cost objective functions by altering a few design choices. These are the number of stations and the total number of buffer slots that must be allocated between workstations. Insights of the behavior of these functions due to the input parameters are discussed.
KW - Cost analysis
KW - Production lines
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UR - http://www.scopus.com/inward/citedby.url?scp=84886941160&partnerID=8YFLogxK
M3 - Conference contribution
SP - 2120
EP - 2129
BT - 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006
ER -