Cost Engineering for manufacturing: Current and future research

Xu, Yuchun; Elgh, Fredrik; Erkoyuncu, John Ahmet; Bankole, Oyetola; Goh, Yee Mey; Cheung, Wai Ming; Baguley, Paul; Wang, Q.; Arundachawat, Panumas; Shehab, Essam; Newnes, Linda; Roy, Rajkumar

doi:10.1080/0951192x.2010.542183

Cited by 81 publications

(62 citation statements)

References 47 publications

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“…Procena pogodnosti, odnosno troškova reciklaže u fazi razvoja novog proizvoda, može da se vrši u okviru procene troškova svih faza životnog ciklusa proizvoda [7,8,9], ili u okviru procene troškova pojedinih faza životnog ciklusa proizvoda [10,11,12].…”

Section: Slika 3 -Koncept Dizajna žIvotnog Ciklusaunclassified

Assessment of recycling costs in product development stage

Todić¹,

Ćosić²,

Tešić³

et al. 2017

Tehnika

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Section: Slika 3 -Koncept Dizajna žIvotnog Ciklusaunclassified

Assessment of recycling costs in product development stage

Todić¹,

Ćosić²,

Tešić³

et al. 2017

Tehnika

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“…While individual asset-level analysis estimates performances with respect to a single component (OEE is the performance measure best representing this concept), system-level analysis allows considering systemic value contribution arising fro m components' interdependencies (Xu et al 2013;Liang, Z. &Parlikad, A.K 2015a-b).…”

Section: Asset System Configurationmentioning

confidence: 99%

A Framework for Implementing Value-Based Approach in Asset Management

Roda

Parlikad

Macchi

et al. 2016

Proceedings of the 10th World Congress on Engineering Asset Management (WCEAM 2015)

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ISO 55000 puts 'value' at the core of asset management. This paper provides a framework to help production companies implement value-based Asset Management (AM) in a way that it contributes to operational excellence. Valuebased AM is achieved when the value delivered by assets is used by the organization as the key decision criterion to choose between different AM options (both at tactical and operational level). Given this perspective, it is vital that organizations are able to quantify the value delivered by their assets and manage that value through informed and coherent decision-making. Value-based AM is still a concept more quoted in theory than described in practical terms. A clear understanding about the main elements that are needed to enable it is still missing in industrial practice. The framework presented in this paper provides the key elements needed for successful integration of a value quantification model with the AM system to ensure the effective implementation of value-based approach in AM.

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“…Nevertheless, several gaps can still be identified, for instance, most of the currently existing life cycle cost models assume a no systematic and fragmentary approach (Xu, Elgh & Erkoyuncu, 2013). In addition, there is a lack of adequate cost models that take into account the links between system performance parameters, and the costs involved, and the configuration complexity of asset systems (Chen, Zheng, Feng & Li, 2013).…”

Section: Introductionmentioning

confidence: 99%

Linking the spare parts management with the total costs of ownership: An agenda for future research

Durán

Roda

Macchi

2016

JIEM

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Abstract:Purpose: This manuscript explores the link between Spare Parts Management and Total Costs of Ownership or Life Cycle Costs (LCC).Design/methodology/approach: First, this work enumerates the different managerial decisions instances in spare parts management that are present during the life cycle of a physical asset. Second, we analyse how those decision instances could affect the TCO of a physical asset (from the economic point of view). Finally, we propose a conceptual framework for incorporating the spare parts management into a TCO model. Findings:The recent literature lacks discussions on the integration of spare parts management with the Total Costs of Ownership (TCO). Based in an extensive literature revision we can declare that the computation of costs related to spare parts management has been neglected by TCO models. Originality/value:The contribution of this paper is twofold. First, a literature review and identification of a series of spare parts management decision instances and its relationship with TCOs is presented in this paper. Second, a conceptual framework is suggested for linking those -991-Journal of Industrial Engineering and Management -http://dx.doi.org/10.3926/jiem.2083 decisions instances to a total cost of ownership perspective. Some research questions and future research challenges are presented at the end of this work.

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Cost Engineering for manufacturing: Current and future research

Cited by 81 publications

References 47 publications

Assessment of recycling costs in product development stage

Assessment of recycling costs in product development stage

A Framework for Implementing Value-Based Approach in Asset Management

Linking the spare parts management with the total costs of ownership: An agenda for future research

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