An economic model for raw material selection |
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| Authors: | R. CHEN D. STRONG O. HAWALESHKA |
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| Affiliation: | Department of Mechanical and Industrial Engineering , University of Manitoba , Winnipeg , MB , R3T 2N2 , Canada |
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| Abstract: | An economic model for raw material selection is presented and a case analysis is given. The model considers two decision factors: initial raw material cost and additional manufacturing costs incurred due to inappropriateness of raw material quality. This additional manufacturing cost may include items such as: extra operator cost, extra machine cost and extra quality cost. |
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