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

Windmark, Christina; Andersson, Carin

doi:10.1016/j.promfg.2018.06.078

Cited by 6 publications

(3 citation statements)

References 7 publications

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“…Windmark, in (Windmark and Andersson, 2018), presents a estimation methodology for a cost model employed for industry. Unfortunately, in this article, there aren't any costs taken into account regarding some of the personnel.…”

Section: Cost Structure Studymentioning

confidence: 99%

Cost Structure for a Small Mechanical Company

Rădulescu

2021

Bulletin of the Polytechnic Institute of Iași. Machine Constructions Section

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This article tries to help the small mechanical companies with a proposed solution of a cost structure. The decomposition of all the activities that constitute the global cost, can constitute an advantage in front of the competition. In today’s economy, any information on real time regarding the spending of a small company could make the difference between bankruptcy and profitability.

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Section: Cost Structure Studymentioning

confidence: 99%

Cost Structure for a Small Mechanical Company

Rădulescu

2021

Bulletin of the Polytechnic Institute of Iași. Machine Constructions Section

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“…1. Objective function: There are some articles which have discussed approaches to calculate internal production costs for products in similar production environments (see [4,12,13]). Most of these articles have considered product cost as a function of the total machining hours spent on a product.…”

Section: Optimization Modelmentioning

confidence: 99%

A Mathematical Optimization of the Tactical Resource Allocation of Machining Resources for an Efficient Capacity Utilization in Aerospace Component Manufacturing

Fotedar

Almgren

Cedergren

et al. 2019

Proceedings of the 10th Aerospace Technology Congress, October 8-9, 2019, Stockholm, Sweden

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In the aerospace industry, with low volumes and many products, there is a critical need to efficiently use available manufacturing resources. Currently, at GKN Aerospace, resource allocation decisions that in many cases will last for several years are to some extent made with a short-term focus so as to minimize machining time, which results in a too high load on the most capable machines, and too low load on the less capable ones. This creates an imbalance in capacity utilization that leads to unnecessary queuing at some machines, resulting in long lead times and in an increase in tied-up capital. Tactical resource allocation on the medium to long-range planning horizon (six months to several years) aims to address this issue by allocating resources to meet the predicted future demand as effectively as possible, in order to ensure long range profitability. Our intent is to use mathematical optimization to find the best possible allocations.

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“…-to assess the achievement of the strategic and tactical goals of the enterprise, the planned and actual values of the indicators characterizing the production activity of the enterprise are compared [7];…”

Section: Introductionmentioning

confidence: 99%

Methodological basis of internal control in the costs management system of enterprises

Klychova

Закирова

Khusainova³

et al. 2021

E3S Web Conf.

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In modern conditions the functioning of enterprises is influenced by a number of factors, which include a tough competitive environment, limited material resources necessary to carry out production activities, the economic crisis caused by the pandemic COVID-19. The main tasks, which should be solved to increase the effectiveness of the company's activity, are tasks, connected with minimization of expenses for production, works and services. To solve these tasks, it is necessary to implement effective and rational internal control. The article's purpose consists of studying of organizational aspects and development of directions of improvement of methodical provision of internal control of production costs and product costing. As one of the tools of internal control it is recommended to use developed working documents of internal control. These documents make it possible to carry out effective planning of internal control; to evaluate effectiveness of internal control and accounting systems, to systematize information received during inspection of primary accounting and observation of norms of consumption of material assets during production; to generalize results of inspection and reflection of violations and mistakes revealed during internal control.

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

Cited by 6 publications

References 7 publications

Cost Structure for a Small Mechanical Company

Cost Structure for a Small Mechanical Company

A Mathematical Optimization of the Tactical Resource Allocation of Machining Resources for an Efficient Capacity Utilization in Aerospace Component Manufacturing

Methodological basis of internal control in the costs management system of enterprises

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