Total cost of ownership analysis for modular final assembly systems

Heilala, Juhani; Helin, Kaj; Montonen, Jari

doi:10.1080/00207540600806448

Cited by 48 publications

(28 citation statements)

References 7 publications

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“…It is evident that the TCO method is useful in asset provider-user communication, and helps in trade-off analyses of system concepts (Heilala et al, 2006). The core aim of a TCO evaluation is to avoid problem shifting decisions by keeping an integrating perspective (Thiede et al, 2012).…”

mentioning

confidence: 99%

TCO Evaluation in Physical Asset Management: Benefits and Limitations for Industrial Adoption

Roda

Garetti

2014

Progress in Pattern Recognition, Image Analysis, Computer Vision, and Applications

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The aim of this paper is to recall the concept of total cost of ownership (TCO) of industrial asset to highlight its relevance in asset management. Nowadays, being able to evaluate the TCO of assets is more and more recognized by companies and researchers as a basis for taking informed decision making both for investments and managerial issues, nevertheless its importance within asset management strategy still remains generally undervalued. Based on a literature review, the paper defines a framework that categorizes the benefits and potential applications that a TCO model can have for different stakeholders. Together with that, industry related issues that influence its adoption are also considered. Based on that, empirical evidences are analyzed through a multiple case study to understand if those benefits are recognized in practice and which are the limitations, if any, for the practical adoption of a TCO model that should allow exploiting such benefits.

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mentioning

confidence: 99%

TCO Evaluation in Physical Asset Management: Benefits and Limitations for Industrial Adoption

Roda

Garetti

2014

Progress in Pattern Recognition, Image Analysis, Computer Vision, and Applications

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“…To determine the appropriate LoA, all the cost related to the planned life cycle of the equipment should be analyzed. Performing a total cost of ownership analysis integrated with simulation studies is shown in Heilala et al (2006) and Heilala et al (2007).…”

Section: Proceedings Of the 2009 Winter Simulation Conference M D Rmentioning

confidence: 98%

“…An example of a plug-in is the digital man model OSKU (Helin et al 2007), which was further refined in the SIMTER project. Another example is the Total Cost of Ownership (TCO) (Heilala, Helin, and Montonen 2006;Heilala et al 2007) analysis methodology. It is also possible to integrate external applications with the simulation components, and to read and write data from/to spreadsheets or other external files.…”

Section: Simter Toolmentioning

confidence: 99%

Enabling flexible manufacturing systems by using level of automation as design parameter

Johansson

Fasth

Stahre

et al. 2009

Proceedings of the 2009 Winter Simulation Conference (WSC)

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Handling flexibility in an ever changing manufacturing environment is one of the key challenges for a successful industry. By using tools for virtual manufacturing, industries can analyze and predict outcomes of changes before taking action to change the real manufacturing systems. This paper describes a simulation tool that can be used to study the effect of level of automation issues on the design of manufacturing systems, including their effect on the overall system performance, ergonomics, environment, and economic measures. Determining a suitable level of automation can provide a manufacturing system with the flexibility needed to respond to the unpredictable events that occur in factory systems such as machine failures, lack of quality, lack of materials, lack of resources, etc. In addition, this tool is designed to use emerging simulation standards, allowing it to provide a neutral interface for both upstream and downstream data sources.

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“…Studies that do not fit within the proposed classification have been identified, including the following: systems (software) modularization studies [117][118][119][120], studies on the integration of the modularization strategy with the mass customization strategy [113], marketing [121], and calculation of the overall efficiency of equipment and control of total costs of ownership (TCO) [122].…”

Section: Studies Of Brazilian Journals and Other Investigationsmentioning

confidence: 99%

Modularization strategy: analysis of published articles on production and operations management (1999 to 2013)

Piran

Lacerda

Antunes

et al. 2015

Int J Adv Manuf Technol

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The objective of this study was to analyze the main topics studied on the subject of modularization in 81 academic articles published between 1999 and 2013 in international and Brazilian journals that include research related to production and operations management. This analysis proposes a general framework of studies that serves as support for future research on modularization strategy. To fulfill the proposed objective, a systematic literature review was conducted using 10 international academic journals and two Brazilian academic journals that publish studies on the study topic. The main results include identifying the lack of studies on the background that leads to modularization, the lack of empirical and quantitative studies on its effects, and the use of modularization in the organizational, service, and environmental contexts. The present study also organizes modularization studies in the proposed conceptual structure and classifies the articles analyzed into a specific modularization taxonomy and in terms of the study's objective.Keywords Modularity . Modularization . Modular . Module . Modularity in design . Modularity in production . Modularity in use . Organizational modularity . Modularity in services

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Total cost of ownership analysis for modular final assembly systems

Cited by 48 publications

References 7 publications

TCO Evaluation in Physical Asset Management: Benefits and Limitations for Industrial Adoption

TCO Evaluation in Physical Asset Management: Benefits and Limitations for Industrial Adoption

Enabling flexible manufacturing systems by using level of automation as design parameter

Modularization strategy: analysis of published articles on production and operations management (1999 to 2013)

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