Cost assessment of a production system–A method targeting a product´ s aggregated value stream costs
(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/c31f4675-9e91-4b92-8230-a5f182fc7f7c
- author
- Windmark, Christina LU and Andersson, Carin LU
- organization
- publishing date
- 2018
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Empirical study, production costs assesment, material handling costs, capital costs, manufacturing system, cost aggregation
- in
- Procedia Manufacturing
- volume
- 25
- pages
- 8 pages
- publisher
- Elsevier
- ISSN
- 2351-9789
- language
- English
- LU publication?
- yes
- id
- c31f4675-9e91-4b92-8230-a5f182fc7f7c
- alternative location
- https://www.sciencedirect.com/science/article/pii/S2351978918305973
- date added to LUP
- 2018-08-16 16:14:14
- date last changed
- 2021-09-27 11:05:20
@article{c31f4675-9e91-4b92-8230-a5f182fc7f7c, 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.}}, author = {{Windmark, Christina and Andersson, Carin}}, issn = {{2351-9789}}, keywords = {{Empirical study; production costs assesment; material handling costs; capital costs; manufacturing system; cost aggregation}}, language = {{eng}}, pages = {{231--238}}, publisher = {{Elsevier}}, series = {{Procedia Manufacturing}}, title = {{Cost assessment of a production system–A method targeting a product´ s aggregated value stream costs}}, url = {{https://www.sciencedirect.com/science/article/pii/S2351978918305973}}, volume = {{25}}, year = {{2018}}, }