Determining the value of asset location information systems in a manufacturing environment

Thomas Kelepouris and Duncan McFarlane

International Journal of Production Economics, 2010, vol. 126, issue 2, 324-334

Abstract: The efficiency of manufacturing operations is often seriously affected by significant amounts of time spent searching for misplaced assets. Real-time location systems (RTLS) provide a promising approach for reducing wasted time. Given the difference in information precision and system costs, the quantification of the expected benefits from these systems is a challenging task. In this paper we present an analytic method for calculating the expected savings from a location information system and we demonstrate this through a case example. The model enables us to compare different location information systems and provides insights into the factors that affect the value that each system delivers.

Keywords: Real-time; location; systems; Value; of; information; RFID; Tracking (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:126:y:2010:i:2:p:324-334

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