Evaluation of Investment in Modern Manufacturing Equipment Using Discrete Event Simulation

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

Evaluation of Investment in Modern Manufacturing Equipment Using Discrete Event Simulation

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Evaluation of Investment in Modern Manufacturing Equipment Using Discrete Event Simulation

Popis výsledku anglicky

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.

Druh

J_ost - Ostatní články v recenzovaných periodicích

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2015

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Procedia Economics and Finance

ISSN

2212-5671

e-ISSN

2212-5671

Svazek periodika

34

Číslo periodika v rámci svazku

December

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

8

Strana od-do

217-224

Kód UT WoS článku

000381118100030

EID výsledku v databázi Scopus

—