Model-based cost estimates for selecting a die casting process

Waroonporn Chienwichai, Jessada Wannasin, Runchana Sinthavalai and Napisphon Meemongkol

The Engineering Economist, 2016, vol. 61, issue 1, 57-69

Abstract: Semisolid die casting (SSDC) is a newly developed technology to improve the quality of products and to reduce the costs of liquid die casting process. We assessed the gas-induced semisolid process (GISS), which generates a semisolid metal for die casting, in this comparison of the costs per unit between a traditional liquid die casting process and the semisolid die casting process. A process-based costing model (PBCM) was created to estimate the production costs. In principle, the PBCM consists of three submodels: process model, operation model, and financial model. This study indicates that three main factors, namely cycle time, rate of waste, and die life, affected the unit production costs. The production cost estimates decreased by approximately 13% when the process was switched from a liquid to a semisolid one.

Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/0013791X.2015.1123787 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:uteexx:v:61:y:2016:i:1:p:57-69

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/UTEE20

DOI: 10.1080/0013791X.2015.1123787

Access Statistics for this article

The Engineering Economist is currently edited by Sarah Ryan

More articles in The Engineering Economist from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().