Details
| Translated title of the contribution | Consideration of temporary effects of life cycle costs in the technology evaluation |
|---|---|
| Original language | German |
| Pages (from-to) | 959-963 |
| Number of pages | 5 |
| Journal | ZWF Zeitschrift fuer Wirtschaftlichen Fabrikbetrieb |
| Volume | 105 |
| Issue number | 11 |
| Publication status | Published - 1 Nov 2010 |
Abstract
Making decisions about an investment in expensive manufacturing technologies is usually carried out by comparing prices offered by alternative suppliers. In most cases, future costs and benefits, of the manufacturing technologies are not systematically considered in conventional investment decisions. This procedure does not necessarily lead to an optimal investment decision. In order to invest in technologies that cause the smallest amount of lifecycle-costs, the costs and benefits of future periods have to be included. Therefore, the Institute of Production Engineering and Machine Tools (IFW) develops an approach for assessing Total Costs and Benefits of Ownership (TCBO) using a simulation model of an aviation production. This article will introduce the TCBO-approach. It will be explained how costs and benefits of future periods can be included in the TCBO-approach as well as the net present value method.
ASJC Scopus subject areas
- Engineering(all)
- General Engineering
- Business, Management and Accounting(all)
- Strategy and Management
- Decision Sciences(all)
- Management Science and Operations Research
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In: ZWF Zeitschrift fuer Wirtschaftlichen Fabrikbetrieb, Vol. 105, No. 11, 01.11.2010, p. 959-963.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Berücksichtigung temporärer Effekte von Lebenszykluskosten in der Technologiebewertung
T2 - Integration der Kapitalwertmethode in Total Cost and Benefits of Ownership
AU - Denkena, Berend
AU - Schürmeyer, Jan
AU - Eikötter, Mark
PY - 2010/11/1
Y1 - 2010/11/1
N2 - Making decisions about an investment in expensive manufacturing technologies is usually carried out by comparing prices offered by alternative suppliers. In most cases, future costs and benefits, of the manufacturing technologies are not systematically considered in conventional investment decisions. This procedure does not necessarily lead to an optimal investment decision. In order to invest in technologies that cause the smallest amount of lifecycle-costs, the costs and benefits of future periods have to be included. Therefore, the Institute of Production Engineering and Machine Tools (IFW) develops an approach for assessing Total Costs and Benefits of Ownership (TCBO) using a simulation model of an aviation production. This article will introduce the TCBO-approach. It will be explained how costs and benefits of future periods can be included in the TCBO-approach as well as the net present value method.
AB - Making decisions about an investment in expensive manufacturing technologies is usually carried out by comparing prices offered by alternative suppliers. In most cases, future costs and benefits, of the manufacturing technologies are not systematically considered in conventional investment decisions. This procedure does not necessarily lead to an optimal investment decision. In order to invest in technologies that cause the smallest amount of lifecycle-costs, the costs and benefits of future periods have to be included. Therefore, the Institute of Production Engineering and Machine Tools (IFW) develops an approach for assessing Total Costs and Benefits of Ownership (TCBO) using a simulation model of an aviation production. This article will introduce the TCBO-approach. It will be explained how costs and benefits of future periods can be included in the TCBO-approach as well as the net present value method.
UR - http://www.scopus.com/inward/record.url?scp=78650336816&partnerID=8YFLogxK
U2 - 10.3139/104.110426
DO - 10.3139/104.110426
M3 - Artikel
AN - SCOPUS:78650336816
VL - 105
SP - 959
EP - 963
JO - ZWF Zeitschrift fuer Wirtschaftlichen Fabrikbetrieb
JF - ZWF Zeitschrift fuer Wirtschaftlichen Fabrikbetrieb
SN - 0947-0085
IS - 11
ER -