Design-to-cost approach in selecting production systems

Design-to-cost approach in selecting production systems

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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:
Abstract:

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.

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