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Production support model to manage market demand volatility risks
Global Industrial Development, Scania CV AB, Södertälje, Sweden; Department of Engineering Science, University West, Trollhättan, Sweden.
Örebro University, School of Science and Technology, Örebro University, Sweden.ORCID iD: 0000-0003-1408-2249
Department of Engineering Science, University West, Trollhättan, Sweden.
2016 (English)In: Factories of the Future in the digital environment: Proceedings of the 49th CIRP Conference on Manufacturing Systems / [ed] Westkamper, E; Bauernhansl, T, Elsevier, 2016, 664-668 p.Conference paper, Published paper (Refereed)
Abstract [en]

In the investment selection process during the design of new manufacturing systems, both the technical attributes and the expected financial performance need to be evaluated. To manage the financial risks with market volatility, it is important to understand the composition of fixed and variable cost factors in relation to the expected volume interval. The support model developed in this paper will in a simple and intuitive way visualise the effect on production cost due to changes in market demands. It can also be used to evaluate the volume sensitivity of existing manufacturing systems, even compare systems making different products. (C) 2016 The Authors. Published by Elsevier B.V.

Place, publisher, year, edition, pages
Elsevier, 2016. 664-668 p.
Series
Procedia CIRP, ISSN 2212-8271 ; 57
Keyword [en]
Manufacturing System, Investment, Finance, Case Study, Cost Analyses, Risk Management
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:oru:diva-57527DOI: 10.1016/j.procir.2016.11.115ISI: 000398053800112Scopus ID: 2-s2.0-8500697773OAI: oai:DiVA.org:oru-57527DiVA: diva2:1092263
Conference
49th CIRP Conference on Manufacturing Systems (CIRP-CMS), Stuttgart, Germany, May 25-27, 2016
Funder
Knowledge Foundation, KKs Dnr 20110263
Note

Funding Agency:

Scania CV AB

Available from: 2017-05-02 Created: 2017-05-02 Last updated: 2017-05-02Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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