cost accountingCost accounting is the process of tracking, recording and analyzing costs associated with the activity of an organization, where cost is defined as 'required time or resources'. Costs are measured in units of currency by convention. There are now at least
experience curve effectsThe learning curve effect and the closely related experience curve effect express the relationship between experience and efficiency. As individuals and/or organizations get more experienced at a task, they usually become more efficient at them. Both conc (learning curve effects)
lot size and run length
operations researchOperations research operational research or simply OR is the use of mathematical models, statistics and algorithms to aid in decision-making. It is most often used to analyze complex real-world systems, typically with the goal of improving or optimizing p
throughput accountingThroughput accounting is an alternative to cost accounting based on Standard or Activity Based Costing ( ABC) proposed by Eliyahu M. Cost accounting is an organization's internal method to measure efficiency. Since no one outside the organization uses suc
time and motion study
Production Engineering
Industrial and manufacturing engineeringIndustrial engineering is the engineering discipline that is concerned mainly with the design, development, implementation, and evaluation of integrated systems of people, knowledge, equipment, energy, and material. Looking to the applications related to
reverse engineeringReverse engineering (RE) is the process of taking something (a device, an electrical component, a software program, etc. apart and analyzing its workings in detail, usually with the intention to construct a new device or program that does the same thing w
value engineeringValue engineering is a branch of industrial engineering in which the value of a system’s outputs is optimized. This involves crafting the optimum mix of performance and costs. In most cases this means the identification and removal of unnecessary costs.
