| Author | Tam, Kwong Pui |
| Call Number | AIT Thesis no. 597 |
| Subject(s) | Production planning
Systems engineering
|
| Note | A thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering of the Asian Institute of Technology, Bangkok, Thailand. |
| Publisher | Asian Institute of Technology |
| Abstract | This paper deals with several cost models for equipment selection in multi-plant company.
The models are especially suitable for selection between numerical control and conventional machines.
application to other equipment\'s are possible. However, in order to compare different equipment, the annual cost of the production system using different equipment should be calculated.
The model first divides costs
into fixed and variable according to their sensitivity towards production volume. Annual fixed cost is minimized by varying (1) the equipment\'s retirement age or (2) both the age of the equipment when purchased and
the service period of the equipment. The minimum annual fixed cost is then combined with the variable cost to form the total annual cost which
is again minimized by varying the order quantity. Equipment selection then depends on the total annual cost computed from the model. In multi-plant company, the parent plant receives components produced
by its subsidiaries which may be located in different geographical regions. Such production systems have several inventory structures and three of them are incorporated into the basic equipment selection model to form three different selection models. Besides inventory cost, set up cost, production quantity, etc., which are significant for comparison between different equipment\'s are taken into consideration in the models. |
| Year | 1973 |
| Type | Thesis |
| School | Student Research Before 1980 |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Thesis (Year <=1979) |
| Chairperson(s) | Axilrod, Eric |
| Examination Committee(s) | Pakorn Adulbhan ; Exell, Robert H.B. |
| Scholarship Donor(s) | Asian Institute of Technology |
| Degree | Thesis (M. Eng.) - Asian Institute of Technology, 1973 |
