APPLIED OPERATIONS RESEARCH / PRODUCTION AND OPERATIONS MANAGEMENT

ABSTRACTS

TOPICS

• Activity-Based Costing Approach to Equipment Selection Problem for Flexible Manufacturing Systems - Abstract: The equipment selection problem is essential in manufacturing today. It typically involves the selection of a set of equipment to be used in production based on technical and economical criteria. This paper will focus on an activity-based costing approach to the equipment selection problem for flexible manufacturing systems. The technique developed in this paper will help decision-makers select the appropriate set of equipment or machines to be used in the system based on the objective to minimize total operating cost subject to the availability of machines in the system. [PDF file]