Application of MFCA and dynamic programming in operations improvement: A case study

© Springer-Verlag Berlin Heidelberg 2015. This study aimed to present an application of Material Flow Cost Accounting (MFCA) to discover loss in the process and dynamic programming in decision making of improvement solutions. The research focused on internal supply chain operations of the case study...

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Main Authors: Atchara Songkham, Chompoonoot Kasemset
Format: Book Series
Published: 2018
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http://cmuir.cmu.ac.th/jspui/handle/6653943832/44432
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Institution: Chiang Mai University
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spelling th-cmuir.6653943832-444322018-04-25T07:51:45Z Application of MFCA and dynamic programming in operations improvement: A case study Atchara Songkham Chompoonoot Kasemset Agricultural and Biological Sciences © Springer-Verlag Berlin Heidelberg 2015. This study aimed to present an application of Material Flow Cost Accounting (MFCA) to discover loss in the process and dynamic programming in decision making of improvement solutions. The research focused on internal supply chain operations of the case study. Based on MFCA analysis, the overall cost can be classified as the cost of positive product as 46.97% and the cost of negative product as 53.03%. The highest cost of negative product was material cost (MC) 45.52% following by system cost (SC) 6.41%, and energy cost (EC) 1.10% of the total product cost. The improvement solutions were proposed for MC reduction. Industrial engineering problem solving tools; cause and effect diagram, pareto diagram and why-why analysis, were used to investigate root causes for negative MC. Seven improvement solutions were proposed and evaluated based on MFCA calculation. The decision making was carried out using dynamic programming when the incursion was formulated using the cost of positive product increased by each solution. Finally, only the 1st, 2nd, 6th and 7th solution were selected and the cost of positive product can be increased from 46.97% to 56.08% and the cost of negative product reduced from 53.03% to 43.92% 2018-01-24T04:42:48Z 2018-01-24T04:42:48Z 2015-01-01 Book Series 18761119 18761100 2-s2.0-84946082194 10.1007/978-3-662-47200-2_5 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84946082194&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/44432
institution Chiang Mai University
building Chiang Mai University Library
country Thailand
collection CMU Intellectual Repository
topic Agricultural and Biological Sciences
spellingShingle Agricultural and Biological Sciences
Atchara Songkham
Chompoonoot Kasemset
Application of MFCA and dynamic programming in operations improvement: A case study
description © Springer-Verlag Berlin Heidelberg 2015. This study aimed to present an application of Material Flow Cost Accounting (MFCA) to discover loss in the process and dynamic programming in decision making of improvement solutions. The research focused on internal supply chain operations of the case study. Based on MFCA analysis, the overall cost can be classified as the cost of positive product as 46.97% and the cost of negative product as 53.03%. The highest cost of negative product was material cost (MC) 45.52% following by system cost (SC) 6.41%, and energy cost (EC) 1.10% of the total product cost. The improvement solutions were proposed for MC reduction. Industrial engineering problem solving tools; cause and effect diagram, pareto diagram and why-why analysis, were used to investigate root causes for negative MC. Seven improvement solutions were proposed and evaluated based on MFCA calculation. The decision making was carried out using dynamic programming when the incursion was formulated using the cost of positive product increased by each solution. Finally, only the 1st, 2nd, 6th and 7th solution were selected and the cost of positive product can be increased from 46.97% to 56.08% and the cost of negative product reduced from 53.03% to 43.92%
format Book Series
author Atchara Songkham
Chompoonoot Kasemset
author_facet Atchara Songkham
Chompoonoot Kasemset
author_sort Atchara Songkham
title Application of MFCA and dynamic programming in operations improvement: A case study
title_short Application of MFCA and dynamic programming in operations improvement: A case study
title_full Application of MFCA and dynamic programming in operations improvement: A case study
title_fullStr Application of MFCA and dynamic programming in operations improvement: A case study
title_full_unstemmed Application of MFCA and dynamic programming in operations improvement: A case study
title_sort application of mfca and dynamic programming in operations improvement: a case study
publishDate 2018
url https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=84946082194&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/44432
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