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Multicriteria Modeling and Analysis of Manufacturing Activities in an Industry

Author(s):

K.Srinivas , Quli Qutub Shah govt polytechnic colege; G.Guruvaiah Naidu, Nalla Narasimha Reddy Education Society’s Group of Instititions, Hyderabad, Telangana State, India; K.Rama Krishna, Nalla Narasimha Reddy Education Society’s Group of Instititions, Hyderabad, Telangana State, India; K.B.G.Tilak, SCET,Hyderabad

Keywords:

Manufacturing Firms, TQM, Lean Manufacturing, Simulation

Abstract

In the recent years, in order to sustain in the competitive markets manufacturing firms started focusing on delivering the product to the customer in the lowest possible costs, with the highest possible quality in order to hold its market share. It became a tougher job for the firm to manage both these requirements fulfilled without decreasing the profit. This sometimes may destroy its own existence. The only way one can achieve these feet is by reducing the waste to as minimum as possible. Thus the concepts of TQM and Lean Manufacturing came into picture. Operating a manufacturing firm over these principles is not so easy until efficient tools are used in indentifying the wastage of resources in the firm. Manufacturing systems provide one of the most important applications of simulation. Simulation is more a tool than a solution for this problem. Simulation when used along with some statistical tools give reliable results/insight of a manufacturing firm whose performance is a function of many stochastic factors. Thus necessary changes can be implemented in an organization for its profitable existence and increased customer delight.

Other Details

Paper ID: RTIMEP018
Published in: Conference 7 : RTIME-2k16
Publication Date: 01/05/2016
Page(s): 96-101

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