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Published in:
2005 | OriginalPaper | Chapter
Cost Prediction System Using Activity-Based Model for Machine Tool Operation
Authors : Hirohisa Narita, Lian-yi Chen, Hideo Fujimoto
Published in: Knowledge Sharing in the Integrated Enterprise
Publisher: Springer US
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Production cost is one of the most important factors for manufacturing. The production cost associated with each machine tool is calculated from total cost of factory in general. The operation status of machine tools, however, is different, so accurate production cost for each product can’t be calculated. Hence, accounting method of production cost for machine tool operation is proposed using the concept of Activity-Based Costing and is embedded to virtual machining simulator for the cost prediction.