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 proceedingConference contributionAcademicpeer-review

16 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 languageEnglish
Title of host publicationLeveraging Technology for a Sustainable World
Subtitle of host publicationProceedings of the 19th CIRP Conference on Life Cycle Engineering, University of California at Berkeley, Berkeley, USA, May 23 - 25, 2012
EditorsBarbara S. Linke, David A. Dornfeld
Place of PublicationBerlin, Heidelberg
PublisherSpringer
Pages275-280
Number of pages6
ISBN (Electronic)978-3-642-29069-5
ISBN (Print)978-3-642-29068-8
DOIs
Publication statusPublished - 1 Jan 2012
Externally publishedYes
Event19th CIRP Conference on Life Cycle Engineering, LCE 2012: Leveraging Technology for a Sustainable World - Berkeley, United States
Duration: 23 May 201225 May 2012

Conference

Conference19th CIRP Conference on Life Cycle Engineering, LCE 2012
CountryUnited States
CityBerkeley
Period23/05/1225/05/12

Keywords

  • Energy efficiency
  • Injection moulding
  • Life cycle costing
  • Total Cost of Ownership

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