Abstract
This article presents decision-support methods and tools
for assembly system sales engineers using 3D
visualisation, component-based simulation, other
equipment efficiency analysis and novel cost analysis
methodology. Understanding manufacturing costs is the
first step toward increasing profits. The authors have
developed an analysis method that integrates factory
simulation, Overall Equipment Efficiency (OEE), and
economic analysis methods. Advanced cost calculation
includes Cost of Ownership (COO), commonly used
investment evaluation methods, discounted cash flow
techniques, Net Present Value (NPV) and Internal Rate of
Return (IRR). The idea is to integrate these methods with
simulation analysis to be used in the assembly system
sales process and systen design. The TCO methodology is
useful in system supplier and end-user communication and
helps in trade-off analysis of the system concepts.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 6th EUROSIM Congress on Modelling and Simulation, EUROSIM 2007 |
| Subtitle of host publication | Book of Abstracts |
| Editors | Borut Zupančič |
| Pages | 229-229 |
| Number of pages | 1 |
| Volume | 1 |
| ISBN (Electronic) | 978-3-901608-32-2 |
| Publication status | Published - 2007 |
| Event | 6th EUROSIM Congress on Modelling and Simulation, EUROSIM 2007 - Ljubljana, Slovenia Duration: 9 Sept 2007 → 13 Sept 2007 |
Conference
| Conference | 6th EUROSIM Congress on Modelling and Simulation, EUROSIM 2007 |
|---|---|
| Abbreviated title | EUROSIM 2007 |
| Country/Territory | Slovenia |
| City | Ljubljana |
| Period | 9/09/07 → 13/09/07 |
Keywords
- decision support
- component based simulation
- system performance
- economic and life cycle analysis
