Evaluation of Facilities Layout alternatives by integrating concepts of ABC & AHP
Journal Title: International Journal of Engineering and Science Invention - Year 2017, Vol 6, Issue 7
Abstract
Modern-day manufacturing operations are facing a fierce global competition and the need to increase productivity at reduced cost. Estimating various manufcturing costs more accurately has become a strategic objective. An ever increasing number of organsations are using Activity Based Costing (ABC) to handle manufacturing activities and processes as well as product costing. The natural logic of ABC can also be applied for making important strategic decisions. This paper presents a methodology that ties investment analyses of Facilities Layout (FL)s to ABC concepts using Analytical Hierarchy Process (AHP). By using a multi-criteria decision making method as AHP, both monetory and non-monetory benefits can be included in the analysis. Initially the relationships between goals, activities and cost are developed, then they are combined to make a model, integrating ABC and AHP. The goal of the decision process is to evaluate alternative FLs based on the activities and their contribution to overall organisational goals. Notations: Activity Based Costing (ABC), AHP, MCDM, Facilities Layout (FL)
Authors and Affiliations
G. Shashi kumar, B. Sarkar, S. K. Sanyal
Keywords
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