Skip to main content
Metalurgia InternationalVolume 17, Issue 5, 2012, Pages 14-20

Analysis of optimal production program in metalworing industry(Article)

  Save all to author list
  • aFaculty of Mechanical Engineering, University of Belgrade, Serbia
  • bInnovation Center Faculty Mechanical Engineering, University of Belgrade, Serbia
  • cFaculty of Mechanical Engineering, University of Kragujevac, Serbia

Abstract

This paper investigates the effects of the manner of calculating the product cost price on forming the impact criteria in production program optimization in metalworking companies by means of genetic algorithms. An algorithm was defined for multiobjective production program optimization using genetic algorithms, with the application of nonlinear function of minimal costs and linear function for maximizing the machinery capacity level. The aim of the paper is to investigate the basic hypothesis that the manner of calculating the product cost price in metalworking companies within the framework of the goal to minimize the business operating costs has significant influence on the results obtained by applying genetic algorithms in production program optimization. The results of investigation indicate significant differences in an optimal production program gained by calculating the product cost price via traditional and activity-based costing approach to defining the nonlinear cost function, depending on the volume of production.

Author keywords

Activity-based costingGenetic algorithmMulti-objective optimizationProduction program
  • ISSN: 15822214
  • Source Type: Journal
  • Original language: English
  • Document Type: Article

  Senussi, G. H.; Faculty of Mechanical Engineering, University of Belgrade, Serbia
© Copyright 2013 Elsevier B.V., All rights reserved.

Cited by 0 documents

{"topic":{"name":"Multiobjective; Pareto Principle; Multi-Objective Optimization","id":28411,"uri":"Topic/28411","prominencePercentile":78.61104,"prominencePercentileString":"78.611","overallScholarlyOutput":0},"dig":"83f069779cb2605c765018233194df8d0e9c55fb714effe4b40c007d33bc744d"}

SciVal Topic Prominence

Topic:
Prominence percentile: