Estimation of Acceptable Cost Tolerance Limits in Uncertainty Environments Using Monte Carlo Simulation
Fuente:
Redalyc
Enregistré dans:
| Auteur principal: | |
|---|---|
| Format: | Artículo científico |
| Langue: | en |
| Publié: |
Universidad del Valle
2022
|
| Sujets: | |
| Accès en ligne: | |
| Tags: |
Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
|
| _version_ | 1876476043882135552 |
|---|---|
| author | Victor J Jiménez |
| author_facet | Victor J Jiménez |
| contents | Estimation of Acceptable Cost Tolerance Limits in Uncertainty Environments Using Monte Carlo Simulation Victor J Jiménez Ingeniería Transport Uncertainty Activity Based Costing Monte Carlo Simulation Due to the uncertainty in production processes, organizations must establish when a variation in cost with respect to a reference estimate is considered acceptable and when corrective, preventive or improvement actions must be taken. Considering tolerable values generates the idea that the cost is not a deterministic parameter, but that it can oscillate in a defined range, so that the estimates that belong to said range are considered normal and those that are outside generate intervention measures by part of decision makers. This paper presents a methodology that allows establishing the tolerance interval. The methodology uses an activity-based costing matrix model that incorporates Monte Carlo simulation to represent the inherent variability in each of the processes. The methodology was applied in a case study in the transportation sector, obtaining as a result the range of control values, which serves as the basis for making tactical and operational decisions within the organization. 2022 artículo científico 0123-3033 https://www.redalyc.org/articulo.oa?id=291374362014 https://www.redalyc.org/journal/2913/291374362014/ https://www.redalyc.org/journal/2913/291374362014/html/ https://www.redalyc.org/journal/2913/291374362014/291374362014.epub https://www.redalyc.org/journal/2913/291374362014/movil 10.25100/iyc.v24i2.11551 en http://www.redalyc.org/revista.oa?id=2913 Ingeniería y Competitividad application/pdf Universidad del Valle Ingeniería y Competitividad (Colombia) Num.2 Vol.24 |
| format | Artículo científico |
| id | redalyc_291374362014 |
| institution | Redalyc |
| language | en |
| publishDate | 2022 |
| publisher | Universidad del Valle |
| spellingShingle | Estimation of Acceptable Cost Tolerance Limits in Uncertainty Environments Using Monte Carlo Simulation Victor J Jiménez Ingeniería Transport Uncertainty Activity Based Costing Monte Carlo Simulation Estimation of Acceptable Cost Tolerance Limits in Uncertainty Environments Using Monte Carlo Simulation Victor J Jiménez Ingeniería Transport Uncertainty Activity Based Costing Monte Carlo Simulation Due to the uncertainty in production processes, organizations must establish when a variation in cost with respect to a reference estimate is considered acceptable and when corrective, preventive or improvement actions must be taken. Considering tolerable values generates the idea that the cost is not a deterministic parameter, but that it can oscillate in a defined range, so that the estimates that belong to said range are considered normal and those that are outside generate intervention measures by part of decision makers. This paper presents a methodology that allows establishing the tolerance interval. The methodology uses an activity-based costing matrix model that incorporates Monte Carlo simulation to represent the inherent variability in each of the processes. The methodology was applied in a case study in the transportation sector, obtaining as a result the range of control values, which serves as the basis for making tactical and operational decisions within the organization. 2022 artículo científico 0123-3033 https://www.redalyc.org/articulo.oa?id=291374362014 https://www.redalyc.org/journal/2913/291374362014/ https://www.redalyc.org/journal/2913/291374362014/html/ https://www.redalyc.org/journal/2913/291374362014/291374362014.epub https://www.redalyc.org/journal/2913/291374362014/movil 10.25100/iyc.v24i2.11551 en http://www.redalyc.org/revista.oa?id=2913 Ingeniería y Competitividad application/pdf Universidad del Valle Ingeniería y Competitividad (Colombia) Num.2 Vol.24 |
| title | Estimation of Acceptable Cost Tolerance Limits in Uncertainty Environments Using Monte Carlo Simulation |
| topic | Ingeniería Transport Uncertainty Activity Based Costing Monte Carlo Simulation |
| url | https://www.redalyc.org/articulo.oa?id=291374362014 https://www.redalyc.org/journal/2913/291374362014/ https://www.redalyc.org/journal/2913/291374362014/html/ https://www.redalyc.org/journal/2913/291374362014/291374362014.epub https://www.redalyc.org/journal/2913/291374362014/movil |