A generic costing framework for a simulation environment

Article type: Research Article

Authors: Deo, Balbinder S.^{a; *} | Strong, Doug^b

Affiliations: [a] School of Business, 3333 University Way, University of Northern British Columbia, Prince George, BC, Canada V2N 4Z7 | [b] Department of Mechanical & Industrial Engineering, University of Manitoba, Winnipeg, Manitoba, Canada R3T 5V6

Correspondence: [*] Corresponding author. Tel.: +1 250 960 6462; E-mail: [email protected]

Abstract: In this paper a generic costing framework is proposed for use in a simulation environment to study cost contribution of each resource in an operation to the cost of an operation. The proposed generic framework for an operation along with its cost elements found to be useful in the evaluation of different production scenarios in terms of cost in monetary units. The framework can be used for manufacturing as well as service type operations for generating cost information of each simulated production scenario for the purpose of making comparisons.

Keywords: Generic costing framework, operation, cost elements, simulation, production scenario

DOI: 10.3233/MAS-2006-1107

Journal: Model Assisted Statistics and Applications, vol. 1, no. 1, pp. 37-42, 2006