Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines

Sebastian Thiede; Tim Spiering; Stephan Kohlitz; Christoph Herrmann; Sami Kara

doi:10.1007/978-3-642-29069-5_47

Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines

Sebastian Thiede, Tim Spiering, Stephan Kohlitz, Christoph Herrmann, Sami Kara

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

17 Citations (Scopus)

Abstract

As an extension to the investment oriented business perspectives, the evaluation and the active usage of Total Cost of Ownership (TCO) concepts are significantly gaining importance in manufacturing companies. TCO subsumes all cost portions that occur for the operator of a machine. While essential shares of the TCO (energy and maintenance) cannot be determined by static calculations, a method for a dynamic calculation of the TCO of production machines is presented. It allows a realistic calculation of the TCO by taking into account individual machine characteristics and behaviour as well as uncertainties over the entire period of ownership.

Original language	English
Title of host publication	Leveraging Technology for a Sustainable World
Subtitle of host publication	Proceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012
Editors	Barbara S. Linke, David A. Dornfeld
Place of Publication	Berlin, Heidelberg
Publisher	Springer
Pages	275-280
Number of pages	6
ISBN (Electronic)	978-3-642-29069-5
ISBN (Print)	978-3-642-29068-8
DOIs	https://doi.org/10.1007/978-3-642-29069-5_47
Publication status	Published - 1 Jan 2012
Externally published	Yes
Event	19th CIRP Conference on Life Cycle Engineering, LCE 2012: Leveraging Technology for a Sustainable World - Berkeley, United States Duration: 23 May 2012 → 25 May 2012

Conference

Conference	19th CIRP Conference on Life Cycle Engineering, LCE 2012
Country/Territory	United States
City	Berkeley
Period	23/05/12 → 25/05/12

Keywords

Energy efficiency
Injection moulding
Life cycle costing
Total Cost of Ownership

Access to Document

10.1007/978-3-642-29069-5_47

Cite this

Thiede, S., Spiering, T., Kohlitz, S., Herrmann, C., & Kara, S. (2012). Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines. In B. S. Linke, & D. A. Dornfeld (Eds.), Leveraging Technology for a Sustainable World: Proceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012 (pp. 275-280). Springer. https://doi.org/10.1007/978-3-642-29069-5_47

Thiede, Sebastian ; Spiering, Tim ; Kohlitz, Stephan ; Herrmann, Christoph ; Kara, Sami. / Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines. Leveraging Technology for a Sustainable World: Proceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012. editor / Barbara S. Linke ; David A. Dornfeld. Berlin, Heidelberg : Springer, 2012. pp. 275-280

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Thiede, S, Spiering, T, Kohlitz, S, Herrmann, C & Kara, S 2012, Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines. in BS Linke & DA Dornfeld (eds), Leveraging Technology for a Sustainable World: Proceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012. Springer, Berlin, Heidelberg, pp. 275-280, 19th CIRP Conference on Life Cycle Engineering, LCE 2012, Berkeley, California, United States, 23/05/12. https://doi.org/10.1007/978-3-642-29069-5_47

Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines. / Thiede, Sebastian; Spiering, Tim; Kohlitz, Stephan; Herrmann, Christoph; Kara, Sami.

Leveraging Technology for a Sustainable World: Proceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012. ed. / Barbara S. Linke; David A. Dornfeld. Berlin, Heidelberg : Springer, 2012. p. 275-280.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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N2 - As an extension to the investment oriented business perspectives, the evaluation and the active usage of Total Cost of Ownership (TCO) concepts are significantly gaining importance in manufacturing companies. TCO subsumes all cost portions that occur for the operator of a machine. While essential shares of the TCO (energy and maintenance) cannot be determined by static calculations, a method for a dynamic calculation of the TCO of production machines is presented. It allows a realistic calculation of the TCO by taking into account individual machine characteristics and behaviour as well as uncertainties over the entire period of ownership.

AB - As an extension to the investment oriented business perspectives, the evaluation and the active usage of Total Cost of Ownership (TCO) concepts are significantly gaining importance in manufacturing companies. TCO subsumes all cost portions that occur for the operator of a machine. While essential shares of the TCO (energy and maintenance) cannot be determined by static calculations, a method for a dynamic calculation of the TCO of production machines is presented. It allows a realistic calculation of the TCO by taking into account individual machine characteristics and behaviour as well as uncertainties over the entire period of ownership.

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KW - Injection moulding

KW - Life cycle costing

KW - Total Cost of Ownership

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Thiede S, Spiering T, Kohlitz S, Herrmann C, Kara S. Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines. In Linke BS, Dornfeld DA, editors, Leveraging Technology for a Sustainable World: Proceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012. Berlin, Heidelberg: Springer. 2012. p. 275-280 https://doi.org/10.1007/978-3-642-29069-5_47

Dynamic Total Cost of Ownership (TCO) calculation of injection moulding machines

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