Name
Title | ||
|---|---|---|
Economic evaluation of the increase in production capacity of a high technology products manufacturing cell using discrete event simulation |
Abstract | ||
|---|---|---|
This paper presents an application of the modeling and simulation methodology along with the Design of Experiments (DOE) to aid the decision makers to know the economic risk they are taking when there are many scenarios. Firstly, the production process was studied and documented by a SIPOC, an IDEF0 and a Flowchart. These techniques were combined to elaborate the simulation conceptual model. After that, the probability distributions were chosen and fed the computer model, built to emulate the real system. The simulation model was verified and statistically validated. Sixty four possible scenarios were tested, and in this case, the DOE may contribute to select the scenarios which are relevant to the economic analysis. The simulator used was Promodel® which provided the output to fed the cash flow of each scenario. Finally, the Net Present Value (NPV) and the economic risk of each scenario were calculated. |
Year | DOI | Venue |
|---|---|---|
2009 | 10.1109/WSC.2009.5429306 | Winter Simulation Conference |
Keywords | Field | DocType |
discrete event simulation,present value,simulation model,economic evaluation,simulation methodology,decision maker,computer model,simulation conceptual model,production capacity,possible scenario,cash flow,economic risk,high technology product,economic analysis,statistical distributions,conceptual model,idef0,flowchart,computational modeling,data models,flowcharting,transponders,risk management,modeling and simulation,economics,probability distribution,design of experiment,net present value,production,design of experiments,production process | SIPOC,Cellular manufacturing,IDEF0,Conceptual model,Systems engineering,Simulation,Modeling and simulation,Computer science,Net present value,Flowchart,Discrete event simulation | Conference |
ISSN | ISBN | Citations |
0891-7736 | 978-1-4244-5771-7 | 0 |
PageRank | References | Authors |
0.34 | 9 | 6 |
Name | Order | Citations | PageRank |
|---|---|---|---|
| José Arnaldo Barra Montevechi | 1 | 62 | 10.30 |
| Rafael Florêncio da Silva Costa | 2 | 23 | 2.21 |
| Fabiano Leal | 3 | 33 | 4.19 |
| Alexandre Ferreira de Pinho | 4 | 34 | 4.20 |
| José Tadeu de Jesus | 5 | 5 | 1.06 |
| de Pinho, A.F. | 6 | 18 | 1.49 |