Integrating cost of ownership analysis into component-based simulation

Juhani Heilala, Kaj Helin, Jari Montonen, Paavo Voho, Mika Anttila

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    Abstract

    This article presents a case study in the design of a modular reconfigurable assembly system using component-based simulation and novel cost analysis methodology. The objective of modern assembly processes is to produce high-quality, low-cost products. To assure that an assembly system is appropriately designed, system measurement schemes should be established for determining and understanding design effectiveness. Measurements can be classed in two categories: cost and performance. Understanding manufacturing costs is the first step toward increasing profits. The authors are developing an analysis tool that integrates Overall Equipment Efficiency (OEE), Cost of Ownership (COO), and other analysis methods to improve the design of flexible, modular reconfigurable assembly systems. The Total Cost of Ownership (TCO) analysis tool development is based on industrial standards and the authors' own experience in modular assembly system design and simulation. The TCO methodology is useful in system supplier and end-user communication and helps in trade-off analysis of the system concepts.
    Original languageEnglish
    Title of host publicationCARV2005: Today's Reactions, Tomorrow's Challenges
    Pages385-392
    Publication statusPublished - 2005
    MoE publication typeA4 Article in a conference publication
    Event1st International Conference on Changeable, Agile, Reconfigurable and Virtual Production, CARV 2005 - Munich, Germany
    Duration: 22 Sep 200523 Sep 2005

    Conference

    Conference1st International Conference on Changeable, Agile, Reconfigurable and Virtual Production, CARV 2005
    CountryGermany
    CityMunich
    Period22/09/0523/09/05

    Keywords

    • cost analysis
    • modular assembly systems
    • component-based simulation

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