A stochastic approach for product costing in manufacturing processes

HIGHLIGHTS

• who: Paulo Afonso et al. from the (UNIVERSITY) have published the Article: A Stochastic Approach for Product Costing in Manufacturing Processes, in the Journal: Mathematics 2021, 9, x FOR PEER REVIEW of /2021/
• what: This approach provides range of values for the product costs allowing for better perception of the risk associated to these costs instead of providing single value of the cost. The analysis of outliers and some statistical tests are included in this approach which was applied in tier 1 company in the automotive industry. In cost management, the main focus of researchers . . .
  

   

  

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