• Title/Summary/Keyword: production costs

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Economic Selection of Optimum Process Mean for a Mixture Production Process (혼합물 생산공정의 최적 공정평균의 경제적 선정)

  • Lee, Min-Koo
    • Journal of Korean Society for Quality Management
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    • v.33 no.4
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    • pp.111-116
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    • 2005
  • This paper considers the problem of optimally choosing the sub-process means of a mixture production process where two important ingredients are mixed. The quantity of each ingredient is controlled through each corresponding sub-process. The values of the sub-process mean directly affect the defective rate, production, scrap and reprocessing costs for the mixture production process. After inspecting every incoming item, each conforming item is sold in a regular market for a fixed price and any nonconforming item is scraped. A model is constructed on the basis of the selling price, production, inspection, and scrap and reprocessing costs. The goal is to determine the optimum sub-process mean values based on maximizing expected profit function relating selling price and cost components. A method of finding the optimum sub-process means is presented when the quantities of the two ingredients are assumed to be normally distributed with known variances. A numerical example is given and numerical studies are performed.

Two-Echelon Production-Inventory System with Sequence Dependent Setup Costs (생산준비 비용이 생산순서에 종속적인 경우의 2단계 생산-재고 시스템)

  • Moon, Dug-Hee;Hwang, Hark
    • Journal of Korean Institute of Industrial Engineers
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    • v.19 no.2
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    • pp.65-74
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    • 1993
  • In this paper, a two-echelon production-inventory model is developed which integrates the production scheduling problem of the multi-products produced on a single facility and the inventory problem of the related raw materials. The setup costs of the final products are assumed to be dependent on the production sequence. The aim is to determine simultaneously the production cycle time and the production sequence of the final products, and the procurement cycle times of the raw materials. For the model developed, a solution algorithm is suggested and illustrated with a numerical example. And the result is compared with those obtained by two separate subproblems.

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Implementation of Real-time Integrated Platform for Producing Food Packaging Container

  • Kim, Chigon;Park, Jong-Youel;Park, Dea-Woo
    • International Journal of Internet, Broadcasting and Communication
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    • v.13 no.1
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    • pp.194-200
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    • 2021
  • This study proposes a plan to construct an integrated platform that reduces manufacturing costs and efficiently produce by integrating the systems of main producers, production subcontractors, and raw material subcontractors for the production of food packaging containers. The production plan of food packaging containers and raw materials is established in real time between the main producers, production subcontractors, and raw material subcontractors in consideration of the demand characteristics of each product. It establishes basic information that all processes from the production planning stage to the forwarding stage of the product are linked to each other. The progress of each producer of interlinked processes is shared in real-time to improve productivity and quality of food packaging containers and raw materials and reduce manufacturing costs. By monitoring the system of the main producer and the production subcontractor in real time, the production of food packaging containers is performed in a timely manner, thereby improving productivity. The application of the plan-do-check-action (PDCA) process, which includes planning, execution, evaluation and improvement in the production operation processes of the main producer, production subcontractor and raw material subcontractor, enables improved production compliance rate. The contents of the main producers, production subcontractors, and raw material subcontractors are managed in real time, then a converged production management system is established through the platform proposed in this study to ensure timely supply and demand of raw materials without delay in ordering.

Mechanized tunnels lining prefabricated segments production methods

  • Elaheh Banihashemigargari;Amir H. Rezaeifarei
    • Geomechanics and Engineering
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    • v.32 no.5
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    • pp.503-512
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    • 2023
  • In tunneling projects, a significant part of the costs is spent on segment production. By more economically producing, the cost of tunnel construction can be greatly reduced, especially in long and large-diameter tunnels. In the present study, the effect of using the Carousel method in the improvement of the production system performance compared to the conventional Static system has been studied. To carry out the research, a quantitative comparison of cost and production time was carried out for two production methods using the available documentation. The opinions of experts have been obtained using questionnaires and qualitative comparison of cost, time and production quality was done by implementation of statistical analysis. The SPSS software and the univariate t-test were used to analyze the questionnaires. According to the results of statistical analysis with SPSS, the use of the Carousel method will reduce production time and costs along with increasing manufacturing quality. According to the documentation analysis, the Carousel method reduces the cost of production by almost 30% and leads to a reduction of the production time to approximately 40% of the Static moulds system. The Carousel method has a higher production rate, efficiency, and better performance. Research into quantifying the benefits of Carousel method in the production system performance is very limited. This comparison is based on real information from the under construction Tabriz Metro project. This article can be very helpful in choosing the best production method.

A Computation Model of the Quantity Supplied to Optimize Inventory Costs for Fast Fashion Industry (패스트 패션의 재고비용 최적화를 위한 상품공급 물량 산정 모델)

  • Park, Hyun-Sung;Park, Kwang-Ho;Kim, Tai-Young
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.1
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    • pp.66-78
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    • 2012
  • This paper proposes a computation model of the quantity supplied to optimize inventory costs for the fast fashion. The model is based on a forecasting, a store and production capacity, an assortment planning and quick response model for fast fashion retailers, respectively. It is critical to develop a standardized business process and mathematical model to respond market trends and customer requirements in the fast fashion industry. Thus, we define a product supply model that consists of forecasting, assortment plan, store capacity plan based on the visual merchandising, and production capacity plan considering quick response of the fast fashion retailers. For the forecasting, the decomposition method and multiple regression model are applied. In order to optimize inventory costs. A heuristic algorithm for the quantity supplied is designed based on the assortment plan, store capacity plan and production capacity plan. It is shown that the heuristic algorithm produces a feasible solution which outperforms the average inventory cost of a global fast fashion company.

Ultra-pure water production by integrated electrodialysis-ion exchange/electrodeionization

  • Turek, Marian;Mitko, Krzysztof;Bandura-Zalska, Barbara;Ciecierska, Kamila;Dydo, Piotr
    • Membrane and Water Treatment
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    • v.4 no.4
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    • pp.237-249
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    • 2013
  • Ultra-pure water (UPW), a highly treated water free of colloidal material and of a conductivity less than 0.06 ${\mu}S$, is an essential component required by modern industry. One of the methods for UPW production is the electrodialysis-ion exchange (ED/IE) system, in which the electrodialysis (ED) process is used as a preliminary demineralization step. The IE step can be replaced with electrodeionization (EDI) to decrease the volume of post-regeneration lyes. In this paper, the electrodialysis process carried out to relatively low diluate conductivity was investigated and the costs of UPW production were calculated. The optimal value of desalination degree by ED in the ED/IE and ED/EDI systems was estimated. UPW unit costs for integrated ED/IE and ED/EDI systems were compared to simple ion exchange and other methods for UPW production (RO-IE, RO-EDI). The minimal UPW unit costs in ED/EDI integrated system were estimated as $0.37/$m^3$ for feed TDS 600 mg/L and $0.36/$m^3$ for feed TDS 400 mg/L at 64 $m^3/h$ capacity, which was lower than in the comparable ED/IE integrated system ($0.42-0.44/$m^3$). The presented results suggest that an ED/EDI integrated system may be economically viable.

Cost Management of Ecotourism Programs: A Case Study of the Community Enterprises in Thailand

  • DUNGTRIPOP, Wilawan;SRISUWAN, Praphada
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.181-193
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    • 2021
  • Thailand's tourism industry contributed to over three trillion baht in 2019. Tourist attractions across Thailand attract tourists around the world with their natural scenery, lifestyles, and cultures, especially in those called "second-tier cities". Community enterprises play a vital role to drive the tourism industry to local areas. However, most community enterprises lack professional accounting knowledge. This research aims to provide guidelines for ecotourism cost management of community enterprises in Thailand. Participatory Action Research (PAR) was employed to investigate the current circumstances of the Banlaem enterprise by using in-depth interviews to identify problems in cost management. Then, the focus and small group meetings were organized to monitor and evaluate solutions. The results reveal that the cost of VIP-Two Days trip was generating the highest net profit and margin, followed by VIP-One Day trip, but net losses were detected on the Students-One Day trip, even though income was greater than the variable costs, revenues didn't cover fixed costs. Thus, accounting knowledge could be a major concern of these enterprises. They should systematically record revenues and expenses, set appropriate labor costs, reduce production costs by using seasonal seafood and make use of vegetables in their gardens, and price products according to their production costs.

Development of the Family Disaggregation Algorithm for Hierarchical Production Planning (계층적 생산계획의 계품군 분해해법 개발)

  • 김창대
    • Journal of the Korean Operations Research and Management Science Society
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    • v.18 no.1
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    • pp.1-18
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    • 1993
  • The family disaggregation model of hierarchical production planning (HPP) is the problem of (0 -1) mixed integer programming that minimizes the total sum of setup costs and inventory holding costs over the planning horizon. This problem is hard in a practical sense since optimal solution algorithms have failed to solve it within reasonable computation times. Thus effective familoy disaggregation algorithm should be developed for HPP. The family disaggregation algorithm developed in this paper consists of the first stage of finding initial solutions and the second stage of improving initial solutions. Some experimental results are given to verify the effectiveness of developed disaggregation algorithm.

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Latest greenhouse product industry in Japan and newest computational techniques for aerodynamics in greenhouses

  • Lee, In-Bok
    • Proceedings of the Korean Society for Bio-Environment Control Conference
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    • 2000.10b
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    • pp.3-16
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    • 2000
  • Protection agriculture is the essential choice for human to increase the efficiency of limited crop production area under harsh and changeable weather boundary conditions, extend growing season, maximize the crop yields, and then increase the sustainable income of the grower. The investment costs far greenhouses as well as labor and energy costs are much higher than for conventional plant production systems, so these can only be balanced by better crop yields, higher labor productivity, and higher energy efficiency. (omitted)

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A Simulated Annealing Algorithm for the Capacitated Lot-sizing and Scheduling problem under Sequence-Dependent Setup Costs and Setup Times (순서에 종속된 준비 시간과 준비 비용을 고려한 로트사이징 문제의 시뮬레이티드 어닐링 해법)

  • Jung, Jiyoung;Park, Sungsoo
    • Journal of Korean Institute of Industrial Engineers
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    • v.32 no.2
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    • pp.98-103
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    • 2006
  • In this research, the single machine capacitated lot-sizing and scheduling problem with sequence- dependent setup costs and setup times (CLSPSD) is considered. This problem is the extension of capacitated lot-sizing and scheduling problem (CLSP) with an additional assumption on sequence-dependent setup costs and setup times. The objective of the problem is minimizing the sum of production costs, inventory holding costs and setup costs satisfying customers' demands. It is known that the CLSPSD is NP-hard. In this paper, the MIP formulation is presented. To handle the problem more efficiently, a conceptual model is suggested, and one of the well-known meta-heuristics, the simulated annealing approach is applied. To illustrate the performance of this approach, various instances are tested and the results of this algorithm are compared with those of the CLPEX. Computational results show that this approach generates optimal or nearly optimal solutions.