Cost modelling to support optimum selection of life extension strategy for industrial equipment in smart manufacturing

HIGHLIGHTS

  • who: Nasser Amaitik from the (UNIVERSITY) have published the research: Cost Modelling to Support Optimum Selection of Life Extension Strategy for Industrial Equipment in Smart Manufacturing, in the Journal: (JOURNAL)
  • what: The paper presents an initial framework of cost estimation model based on combination of activity-based costing (ABC) and human expertise to assist the decision-making on best life extension strategy (e_g repair) for industrial equipment. To reach a conclusion regarding this research question, the following objectives have been set up. - Develop ABC cost model to calculate cost of life extension strategy that has . . .

     

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