allocation of indirect manufacturing cost in theory &. practice

Cost Allocation in Manufacturing - Remanufacturing Operations

For firms remanufacturing their products, the total life-cycle costs and revenues from new and remanufactured products determine their profitability. In many firms, manufacturing/sales and remanufacturing/remarketing operations are carried out in different divisions. Each division is responsible for only part of the product’s life cycle. Practices regarding transfer pricing across divisions var...

Requirement estimation for indirect workforce allocation in semiconductor manufacturing

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Transmission cost allocation based on cooperative game theory

Euler Allocation: Theory and Practice

Despite the fact that the Euler allocation principle has been adopted by many financial institutions for their internal capital allocation process, a comprehensive description of Euler allocation seems still to be missing. We try to fill this gap by presenting the theoretical background as well as practical aspects. In particular, we discuss how Euler risk contributions can be estimated for som...

Game Theory for Cost Allocation in Healthcare

Game theory is a branch of applied mathematics that studies strategic situations in which participants (players) act rationally in order to maximize their returns (payoffs). As such, game theory provides models of rational behavior (decisionmaking) for strategic interactions. Many types of problems that involve decision strategies for cooperating or non-cooperating participants present a fruitf...

From Theory to Practice: a Total Ergonomics Model of a Manufacturing System

The objective of this paper is three fold. First, a general framework for development of total ergonomics model is introduced. Second, it is described how total ergonomics model may be applied in practice to intensify the productivity and working conditions of manufacturing systems. Third, it is shown whether the total ergonomics model is superior to the conventional ergonomics approach. This s...