INVENTORY COST ANALYSIS WORK IN PROCESS (WIP) UNDER FOCUS OF LEAN ACCOUNTING, SIMULATION AND OPTIMIZATION SCENARIOS
Journal Title: Engineering and Technology Journal - Year 2019, Vol 4, Issue 3
Abstract
In this research, we present a cost analysis of the materials that are in a queue to be processed, better known as work-in-process inventory (WIP, for its acronym in English).The inventory in process will be analyzed with three models: 1. A system of waiting lines, 2. Lean Accounting and 3. Simulation of discrete events that helps measure the benefits of Lean Accounting, applying an objective function to determine the minimum cost of WIP. This was obtained by applying a key tool called Simrunner. A cost breakdown structure was also established at each stage of the process. The present work is of interest to the administrators and managers of the Lean team and useful for short-term decision making.
Authors and Affiliations
Diana Fabiola Guerrero, José Alfredo Jiménez, Salvador Hernández, Edgar Ruelas, Moises Tapia Vicente Figueroa
Keywords
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- EP ID EP705213
- DOI 10.31142/etj/v4i3.01
- Views 77
- Downloads 0
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