Evaluation of Investment in Modern Manufacturing Equipment Using Discrete Event Simulation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21220%2F15%3A00235127" target="_blank" >RIV/68407700:21220/15:00235127 - isvavai.cz</a>
Result on the web
<a href="http://www.sciencedirect.com/science/article/pii/S2212567115016226" target="_blank" >http://www.sciencedirect.com/science/article/pii/S2212567115016226</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/S2212-5671(15)01622-6" target="_blank" >10.1016/S2212-5671(15)01622-6</a>

Result language
angličtina
Original language name
Evaluation of Investment in Modern Manufacturing Equipment Using Discrete Event Simulation
Original language description
Decisions to invest in manufacturing systems represent a strategic decision making process affecting long-term success, competitiveness and profitability of a company. The paper deals with a comprehensive analysis of the benefits generated by actual investment in modern manufacturing equipment covering all relevant effects related to the investment, including cost savings, reduced production lead times, decreased level of work in progress, balanced equipment capacity utilization, and improved product quality. Comparison of the existing method of manufacturing with the newly proposed investment in flexible manufacturing equipment is designed for a defined product mix, product demand and product flow using dynamic discrete simulation. A simulation model is primarily used to estimate the operating characteristics, such as idle time, capacity utilization, lead times and productivity. The evaluation of operating parameters of the new manufacturing equipment is subsequently completed by the assessment of its financial impacts.
Czech name
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Czech description
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Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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