Article ID: | iaor1991108 |
Country: | United States |
Volume: | 29 |
Start Page Number: | 52 |
End Page Number: | 55 |
Publication Date: | Dec 1988 |
Journal: | Production and Inventory Management Journal |
Authors: | Ahmed Nazim U. |
This analysis provides a framework for selection of major production systems or facilities based on system life-cycle cost, which includes acquisition and ownership costs. The basic steps for estimating the life-cycle cost are presented and can be used to evaluate different systems. This model can also be used with other selection decision models, combining several subjective and objective factors.