scholarly journals PCN91 The Cost-Effectiveness of Trastuzumab Over the Product Life Cycle in Portugal: A Dynamic and Societal Perspective

2012 ◽  
Vol 15 (7) ◽  
pp. A425
Author(s):  
L. Garrison ◽  
J.B. Babigumira ◽  
S. Andrade
Keyword(s):  
Life Cycle ◽  
Cost Effectiveness ◽  
Societal Perspective ◽  
Product Life Cycle ◽  
Product Life ◽  
The Cost

An empirical investigation of time‐varying cost‐effectiveness across the product life cycle

2020 ◽  
Vol 29 (5) ◽  
pp. 580-590
Author(s):  
Warren Stevens ◽  
Devin Incerti ◽  
Desi Peneva ◽  
Anshu Shrestha ◽  
Gregory Smith ◽  
...  
Keyword(s):  
Life Cycle ◽  
Cost Effectiveness ◽  
Product Life Cycle ◽  
Empirical Investigation ◽  
Time Varying ◽  
Product Life

Assessing Product Architecture Costing: Product Life Cycles, Allocation Rules, and Cost Models

2004 ◽  
Author(s):  
Sebastian K. Fixson
Keyword(s):  
Life Cycle ◽  
Product Life Cycle ◽  
Life Cycles ◽  
Product Architecture ◽  
Future Research ◽  
Design Decision ◽  
Cost Models ◽  
Product Life ◽  
Allocation Rules ◽  
The Cost

Product families and product platforms have been suggested as design strategies to serve heterogeneous markets via mass customization. Numerous, individual cost advantages of these strategies have been identified for various life cycle processes such as product design, manufacturing, or inventory. However, these advantages do not always occur simultaneously, and sometimes even counteract each other. To develop a better understanding of these phenomena, this paper investigates the cost implications of the underlying design decision: the product architecture choice. The investigation includes factors such as product life cycle phases, allocation rules, and cost models, all of which impact the cost analysis results. Based on this investigation, directions for future research on product architecture costing are provided.

Life Cycle Cost Modeling of Pumps Using an Activity Based Costing Methodology

2010 ◽  
Author(s):  
Laxman Yadu Waghmode ◽  
Anil Dattatraya Sahasrabudhe
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Business Environment ◽  
Life Cycle Costing ◽  
Activity Based Costing ◽  
Global Business ◽  
Product Life ◽  
Traditional Costing ◽  
The Cost

In order to survive in today’s competitive global business environment, implementation of life cycle costing methodology with a greater emphasis on cost control could be one of the convincing approaches for the manufacturing firms. The product life cycle costing approach can help track and analyse the cost implications associated with each phase of product life cycle. Life cycle costing (LCC) practices with traditional costing methods may provide results that have a severe deviation from the real product LCC as it focuses on the cost of materials, labor and a low portion of overheads apportioned by the absorption rate to the product. Activity based costing (ABC) has emerged as one of the several innovative and more accurate costing methods in recent years. It is based on the principle that products or services consume activities and activities consume resources that generate costs. Thus, the ABC system focuses on calculating the costs incurred on performing the activities to manufacture a product. This paper presents a LCC modeling approach for estimating life cycle cost of pumps using activity based costing method. The study was conducted in a large pump manufacturing company from India that has significant global standing within its industry. Firstly, all the activities and cost drivers associated with the life cycle of a pump have been identified. A methodology for LCC analysis using ABC is then developed and it is applied to two different pumps manufactured by the same industry and the results obtained are presented.

Procurement Approaches in Different Supply Chains

2013 ◽  
Vol 436 ◽  
pp. 551-556
Author(s):  
Stefan Pap ◽  
Liviu Morar
Keyword(s):  
Supply Chain ◽  
Life Cycle ◽  
Supply Chains ◽  
Product Life Cycle ◽  
Point Of View ◽  
Complex Environment ◽  
Supplier Relationships ◽  
Product Life ◽  
Supply Chain Efficiency ◽  
The Cost

From a purchasing point of view, it can be argued that in order for a supply chain to be efficient the cost of purchasing must be balanced with risk pertaining to the supply market and the purchased product. To decide on the appropriate forms of supplier relationships today, we argue that there are three main dimensions to be considered: A more complex environment. Supply chain efficiency. Product life cycle.

scholarly journals THE IMPACT OF PRODUCT LIFE CYCLE TECHNIQUE IN REDUCING COSTS AND ACHIEVING SUSTAINABLE DEVELOPMENT GOALS, A CASE STUDY IN THE RUSTAN STEEL STRUCTURE PRODUCTION COMPANY IN ERBIL

2021 ◽  
Vol 03 (07) ◽  
pp. 314-328
Author(s):  
Ghazi Abdulazeez SULAIMAN BAG ◽  
Rafiq Faraj MAHMOOD
Keyword(s):  
Corporate Governance ◽  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Steel Structures ◽  
Product Life ◽  
Technical Requirements ◽  
The Cost ◽  
The Impact

This research was - case study in Rstin company for the steel structures in Erbil- addressed the cost technique of product life cycle, as discussed the kinds, relevance and the stages of the life cycle of the product, also it referred to the corporate governance of discussing its inception the concept and importance of the principles, objectives, and mechanisms was addressed to the technical aspects of the overlap between the cost of the product life cycle corporate governance and show the appropriate techniques used in each stage of the life cycle of the product and how it achieved by a reduction of costs. The result of this study indicates that the integration between the product life cycle cost and corporate governance works on reduce costs through the various stages of product life cycle. It also concluded that this integration increases the company ability to compete in market which leads to rise in its market share and eventually lead to maximize the profit which has been achieved through the optimal use of a company available resources. It also found that the techniques of life cycle cost of the product cannot be applied without support of the company directors, throughout the technical requirements of the application. Corporate governance ensures directors of the company to utilize firm resources which makes the company to achieve several stakeholders' objectives.

scholarly journals Comparison of Product Life Cycle Cost Estimating Models Based on Neural Networks and Parametric Techniques—A Case Study for Induction Motors

2020 ◽  
Vol 12 (20) ◽  
pp. 8353
Author(s):  
Zbigniew Leszczyński ◽  
Tomasz Jasiński
Keyword(s):  
Neural Networks ◽  
Life Cycle ◽  
Cost Estimation ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Parametric Estimation ◽  
Percentage Error ◽  
Product Life ◽  
Technical Specifications ◽  
The Cost

The cost estimation of a product’s life cycle is a key factor in the product design process. The research is based on an innovative model of artificial neural networks (ANNs) compared to a parametric estimation. Introducing modern elements of information technologies in the area of cost estimation for a production company is a vital element of its sustainability in the era of Industry 4.0. The presented modern product life cycle cost estimation tool in the form of ANN is a reliable source of forecast that is the basis for the product life cycle cost reduction program, which is a crucial element of sustainability. Research shows that ANNs are a viable alternative to parametric cost estimation. The percentage error between estimated and historical cost values is 8.05 times lower for ANN than for the parametric approach. ANN is an adequate cost estimation model for technologically complex products. The second contribution is using technical specifications required by the customer directly to estimate the cost of a product’s life cycle automatically. This can translate both into a reduction of the time needed to provide information to the client and the workload of engineers.

Ontology-Based Malfunction Forecast and Root Cause Analysis in Product Design

2012 ◽  
Author(s):  
Xiaomeng Chang ◽  
Janis Terpenny
Keyword(s):  
Life Cycle ◽  
Product Design ◽  
Product Life Cycle ◽  
Design Phase ◽  
Cause Analysis ◽  
Product Life ◽  
Design Improvement ◽  
Root Cause ◽  
Initial Design ◽  
The Cost

In product design, passing undetected errors to the downstream can cause error avalanche, could diminish product acceptance and largely increase the overall cost. Yet, it is difficult for designers to collect all the related potential errors from different departments in the initial design phase. In order to deal with these problems, this paper puts forward an ontology based method to integrate related history error data from different data sources of multiple departments in an enterprise. By using the advantages of ontologies and ontology-based information systems in knowledge management and semantic reasoning, the method enables the investigation of the root cause of the related potential malfunctions in the early product design phase. The framework can provide warnings and root causes of related potential errors in design based on history data and further continuously improve the product design. In this manner, this method is expected to reduce the knowledge limitation of designers in the initial design phase, help designers consider the problems in the whole enterprise and the product life cycle more completely, facilitate design improvement more accurately and efficiently, and further reduce the cost of the overall product life cycle.

scholarly journals The use of methods and computer aided systems in the ecological design of product development

Mechanik ◽  
2018 ◽  
Vol 91 (1) ◽  
pp. 73-75
Author(s):  
Marcin Paprocki
Keyword(s):  
Life Cycle ◽  
Product Development ◽  
Cost Estimation ◽  
Product Life Cycle ◽  
Design Procedure ◽  
Ecological Design ◽  
Product Life ◽  
Computer Aided ◽  
Environmental Component ◽  
The Cost

Presented are two concepts of the process planning design procedure and the cost estimation aided by CAPP systems. Methods aiding ecological design of the product development, such as DFMA, DFE, FMEA, QFD and LCA, are presented too. The Eco-indicator 99 method which is used in the assessment of product life cycle impact on the environment (LCIA) is discussed. The paper recommends complementing the strategic enterprise backbone with the environmental component of the product life cycle assessment (Ecological Backbone).

scholarly journals The role of the time-based product life cycle cost technique in managing costs in economic units

2021 ◽  
Vol 11 (3) ◽  
pp. 437-451
Author(s):  
Dirar Abdulhameed Altoum Alotaibi ◽  
Salah Mahdi Jawad Al-Kawaz ◽  
Basem Abdul-Hussein Al-Qassab
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Product Life Cycle ◽  
Business Environment ◽  
Life Cycle Costing ◽  
Accurate Data ◽  
Product Life ◽  
Product Competition ◽  
The Cost

The purpose of this study is to direct interest in using the sound methodology in cost management and to choose a more effective approach to managing costs from a series of alternatives in order to obtain more accurate data on the cost of the product. Competition in the market, Clarifying the role of the time-based product life cycle costing technique in providing integrated information on resources and their costs and for each stage of the product life cycle, which would contribute to managing costs throughout the product life cycle. To achieve this goal, the time-based product life cycle costing technique was applied on data obtained from the laboratory records, the research sample, as well as the field experience. The research reached several conclusions, the most important of which is that the failure of traditional cost systems to meet the requirements and objectives of management as they are no longer able to provide accurate data that help the administration in making decisions as a result of changes and developments in the business environment, most notably the intense competition, which resulted in the emergence of modern techniques in the field of management Cost that is able to keep pace with these changes and developments. The most important of which is the time-based product life-cycle cost technique.

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