Cost assessment of a production system - A method targeting a products aggregated value stream costs
(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:
https://lup.lub.lu.se/record/99d7357f-cdc7-43f0-8bf0-bb98e9fa0c9b
- author
- Windmark, Christina LU and Andersson, Carin LU
- organization
- publishing date
- 2018
- 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
- 2022-04-18 07:01:06
@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}}, }