Batch size optimization based on production part cost

Simple item page
dc.contributorInternational FAIM Conference 24th : 2014 : San Antonio, Texas
dc.contributorUniversity of Texas at San Antonio. Center for Advanced Manufacturing and Lean Systems
dc.contributor.authorWindmark, Christina
dc.contributor.authorSpang, Kathrine
dc.contributor.authorSchultheiss, Fredrik
dc.contributor.authorStåhl, Jan-Eric
dc.date.accessioned2022-07-11T17:35:49Z
dc.date.available2022-07-11T17:35:49Z
dc.date.issued2014
dc.descriptionPaper presented at the Proceedings of the 24th International Conference on Flexible Automation & Intelligent Manufacturing, held May 20-23, 2014 in San Antonio, Texas, and organized by the Center for Advanced Manufacturing and Lean Systems, University of Texas at San Antonio
dc.descriptionIncludes bibliographical references
dc.description.abstractWhen investigating different location and/or system designs the possible variables to take into consideration can differs between the alternatives. Different production system will have different optimal working conditions and hence should be compared with parameters suitable for the actual production system. When planning production and calculating production costs the batch size is of high interest. Based on a manufacturing part cost model, this paper will present a new model, close connected to the production system, integrating production performance, set-up times, material costs, material handling costs and tied capital, giving the production economic optimal batch size. The aim is to give companies a model for determining the economic optimal batch size in order to use this knowledge to make strategic decisions regarding production planning. Mathematical simulations are performed to analyse the differences in result from the developed model and Wilson's existing standard method for calculating the economic order quantity, hence to verify the importance of making an in-depth analysis, taking the production system into consideration. The advantage of the developed model is the usage of production costs based on variable batch sizes, giving a more accurate outcome.
dc.identifier.otherhttp://dx.doi.org/10.14809/faim.2014.1031
dc.identifier.urihttps://hdl.handle.net/20.500.12588/1045
dc.language.isoen_US
dc.publisherDEStech Publications, Inc.
dc.relation.ispartofseriesProceedings of the 24th International Conference on Flexible Automation & Intelligent Manufacturing
dc.subjectManufactures--Costs--Mathematical models
dc.subjectProduction planning
dc.subjectInventory control
dc.titleBatch size optimization based on production part cost
dc.typeArticle

Files

Original bundle

Now showing 1 - 1 of 1
Thumbnail Image
Name:
1031.pdf
Size:
893.95 KB
Format:
Adobe Portable Document Format
Download

Collections

24th International Conference on Flexible Automation and Intelligent Manufacturing