Skip to main content

Lund University Publications

LUND UNIVERSITY LIBRARIES

Cost assessment of a production system - A method targeting a products aggregated value stream costs

Windmark, Christina LU orcid and Andersson, Carin LU (2018) 8th Swedish Production Symposium, SPS 2018 In Procedia Manufacturing 25. p.231-238
Abstract

A production system is often complex, involving several production steps with a material flow entering and exiting at different stages throughout the value stream. This article aims to present a method giving the aggregated cost of a product in a production system, were material and components entering the value stream carrying their own capital and handling costs. The article describes an empirical study involving a production system, with high material costs and a process-oriented layout. The findings indicate that increased capacity and decrease in number of active orders enables lead-time reduction whereas decrease in costs mainly depends on operation improvements.

Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
capital costs, cost aggregation, Empirical study, manufacturing system, material handling costs, production costs assesment
in
Procedia Manufacturing
volume
25
pages
8 pages
publisher
Elsevier
conference name
8th Swedish Production Symposium, SPS 2018
conference location
Stockholm, Sweden
conference dates
2018-05-16 - 2018-05-18
external identifiers
  • scopus:85065643676
ISSN
2351-9789
DOI
10.1016/j.promfg.2018.06.078
language
English
LU publication?
yes
id
99d7357f-cdc7-43f0-8bf0-bb98e9fa0c9b
date added to LUP
2019-06-18 14:35:04
date last changed
2025-10-14 12:57:52
@article{99d7357f-cdc7-43f0-8bf0-bb98e9fa0c9b,
  abstract     = {{<p>A production system is often complex, involving several production steps with a material flow entering and exiting at different stages throughout the value stream. This article aims to present a method giving the aggregated cost of a product in a production system, were material and components entering the value stream carrying their own capital and handling costs. The article describes an empirical study involving a production system, with high material costs and a process-oriented layout. The findings indicate that increased capacity and decrease in number of active orders enables lead-time reduction whereas decrease in costs mainly depends on operation improvements.</p>}},
  author       = {{Windmark, Christina and Andersson, Carin}},
  issn         = {{2351-9789}},
  keywords     = {{capital costs; cost aggregation; Empirical study; manufacturing system; material handling costs; production costs assesment}},
  language     = {{eng}},
  pages        = {{231--238}},
  publisher    = {{Elsevier}},
  series       = {{Procedia Manufacturing}},
  title        = {{Cost assessment of a production system - A method targeting a products aggregated value stream costs}},
  url          = {{http://dx.doi.org/10.1016/j.promfg.2018.06.078}},
  doi          = {{10.1016/j.promfg.2018.06.078}},
  volume       = {{25}},
  year         = {{2018}},
}