Skip to main content

Lund University Publications

LUND UNIVERSITY LIBRARIES

Cost assessment of a production system–A method targeting a product´ s aggregated value stream costs

Windmark, Christina LU and Andersson, Carin LU (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
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},
  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},
}