Simulation-Based Life Cycle Cost Modelling as a Decision Support Tool

Author(s):  
Praveen Thokala ◽  
Jim Scanlan ◽  
Andy Chipperfield
1994 ◽  
Vol 4 (1) ◽  
pp. 23-36 ◽  
Author(s):  
Keith A. Weitz ◽  
Joyce K. Smith ◽  
John L. Warren

2021 ◽  
Vol 13 (5) ◽  
pp. 2947
Author(s):  
Vítor Silva ◽  
Luís Pinto Ferreira ◽  
Francisco J. G. Silva ◽  
Benny Tjahjono ◽  
Paulo Ávila

To remain competitive, companies must continuously improve the processes at hand, be they administrative, production, or logistics. The objective of the study described in this paper was to develop a decision-making tool based on a simulation model to support the production of knits and damask fabrics. The tool was used to test different control strategies for material flow, from the raw material warehouse to the finished product warehouse, and thus can also be used to evaluate the impacts of these strategies on the productivity. The data upon which the decision support tool was built were collected from five sectors of the plant: the raw material warehouse, knit production, damask production, finishing work, and the finished product warehouse. The decision support tool met the objectives of the project, with all five strategies developed showing positive results. Knit and damask production rates increased by up to 8% and 44%, respectively, and a reduction of 75% was observed in the waiting time on the point of entry to the finishing work area, compared to the company’s existing system.


2016 ◽  
Vol 88 ◽  
pp. 538-549 ◽  
Author(s):  
Linda L. Fang ◽  
Borja Valverde-Pérez ◽  
Anders Damgaard ◽  
Benedek Gy. Plósz ◽  
Martin Rygaard

2013 ◽  
Vol 15 (2) ◽  
pp. 463-477 ◽  
Author(s):  
Dana Kralisch ◽  
Christin Staffel ◽  
Denise Ott ◽  
Samir Bensaid ◽  
Guido Saracco ◽  
...  

2017 ◽  
Vol 93 ◽  
pp. 229-238 ◽  
Author(s):  
Muratcan Başkurt ◽  
Ilgın Kocababuç ◽  
Esra Binici ◽  
Ebru Dulekgurgen ◽  
Özlem Karahan Özgün ◽  
...  

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