Cost considerations in serial production lines

M. I. Vidalis, C. T. Papadopoulos, M. E J O'Kelly

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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 languageEnglish
Title of host publication36th International Conference on Computers and Industrial Engineering, ICC and IE 2006
Pages2120-2129
Number of pages10
Publication statusPublished - 2006
Externally publishedYes
Event36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 - Taipei, Taiwan
Duration: Jun 20 2006Jun 23 2006

Other

Other36th International Conference on Computers and Industrial Engineering, ICC and IE 2006
CountryTaiwan
CityTaipei
Period6/20/066/23/06

Fingerprint

Costs
Profitability
Throughput
Industry

Keywords

  • Cost analysis
  • Production lines

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering

Cite this

Vidalis, M. I., Papadopoulos, C. T., & O'Kelly, M. E. J. (2006). Cost considerations in serial production lines. In 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 (pp. 2120-2129)

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 proceedingConference contribution

Vidalis, MI, Papadopoulos, CT & O'Kelly, MEJ 2006, Cost considerations in serial production lines. in 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006. pp. 2120-2129, 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006, Taipei, Taiwan, 6/20/06.
Vidalis MI, Papadopoulos CT, O'Kelly MEJ. Cost considerations in serial production lines. In 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006. 2006. p. 2120-2129
Vidalis, M. I. ; Papadopoulos, C. T. ; O'Kelly, M. E J. / Cost considerations in serial production lines. 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006. 2006. pp. 2120-2129
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