This book provides extensive insights and analysis into pricing models for autonomous manufacturing. Taking a cost engineering approach, it shows how businesses facing technological change can provide visibility to pricing sensitivity and maximize price, and profit in every transaction. The book pulls together the many elements of cost engineering; cost estimation, cost control, business planning and management, profitability analysis, cost risk analysis and project management, planning, and scheduling, and considers the many different approaches and methods for estimating or assessing costs. It aims to help companies with decision making, cost management, and budgeting with respect to product development, and highlights the importance of cost estimation during the early stages of product development. A discussion of appropriate pricing models is also included to determine the most effective course for handling operational costs in autonomous manufacturing systems in order to create a more productive and profitable system.
Cost Engineering and Pricing in Autonomous Manufacturing Systems will provide new insights for researchers and students, as well as industrial practitioners interested in applied models which can be employed and implemented in real cases.
Author(s): Hamed Fazlollahtabar, Mohammed Saidi-Mehrabad
Publisher: Emerald Publishing
Year: 2019
Language: English
Pages: 199
City: Bingley
Cost Engineering and Pricing in Autonomous Manufacturing Systems
Cost Engineering and Pricing in Autonomous Manufacturing Systems
Contents
List of Figures
List of Tables
Preface
Acknowledgments
Chapter 1: Introduction
1.1. Autonomous Manufacturing System
1.2. Costing and Pricing
1.2.1. Opportunity Cost
1.2.2. Opportunity Costs and Market Prices
1.2.3. Price
Chapter 2: Concepts of Costing in Automation
2.1. Overview
2.2. Introduction and Related Works
2.3. Model Development
2.3.1. Key Dimensions for Managing Automation Supply Complexity
2.3.2. Reference Automation Agent Architecture Model
2.4. New Paradigm: The Use of Automation Resources
2.4.1. Economic Aspects of the Automation Life Cycle
2.4.2. Maximum Benefit of the Product Life Cycle
2.5. Data Integration Model
2.5.1. Costs and Benefits of IS
2.5.2. Balancing Benefits against Implementation Costs
2.6. Discussions and Concluding Remarks
Chapter 3: Concepts of Pricing in Automation
3.1. Overview
3.2. Introduction and Related Works
3.3. Model Development
3.3.1. Automation Energy Pricing Model
3.3.2. Concession Pricing Model
3.3.3. Representative Automation Pricing Methods
3.4. Discussions and Concluding Remarks
Chapter 4: Cost Parameters and Costing Models in Autonomous Manufacturing
4.1. Overview
4.2. Introduction and Related Works
4.3. Cost Accounting Concept
4.3.1. Documenting Cost Accounting Policies
4.4. Cost Object
4.5. Manufacturing Costs
4.6. Costing Model Development
4.7. Application Study
4.8. Discussions and Concluding Remarks
Chapter 5: Cost Engineering in Autonomous Manufacturing
5.1. Overview
5.2. Introduction and Related Works
5.3. Cost Engineering
5.4. Cost Minimization/Profit Maximization
5.4.1. Short-run Cost Minimization
5.4.2. Long-run Cost Minimization
5.4.3. Application Study
5.4.4. Cost Functions
5.5. Cost of Quality
5.5.1. Application of CoQ in Autonomous System
5.6. Discussions and Concluding Remarks
Chapter 6: Cost and Price in Autonomous Manufacturing
6.1. Overview
6.2. Introduction and Related Works
6.3. Model Development
6.3.1. Time-varying Pricing
6.3.2. Production Function
6.3.3. Electricity Cost Function
6.3.4. Labor Cost Function
6.4. Manufacturing Profit Maximization
6.5. Example
6.6. Discussions and Concluding Remarks
Chapter 7: Pricing Models in Autonomous Manufacturing
7.1. Overview
7.2. Introduction and Related Works
7.3. Model Development and Analysis
7.4. Discussions and Concluding Remarks
Chapter 8: Price Optimization in Autonomous Manufacturing
8.1. Overview
8.2. Introduction and Related Works
8.3. Smart Manufacturing
8.4. Pricing in Manufacturing
8.4.1. Profitable Selling
8.4.2. Cost System for Advanced Manufacturing Systems
8.5. Estimating Rwsc
Estimating Risc
8.6. Application of the Cost Model
8.7. Discussions and Concluding Remarks
References and Further Reading
Index
