Cost-Based Decision Support System: A Dynamic Cost Estimation of Key Performance Indicators in Manufacturing

An attempt is made to translate five generic key performance indicators (KPIs) into a continuous real-time cost function in batch order-based manufacturing environment. The challenge of controlling and optimizing resource utilization, production efficiency, product-process quality, environmental impact, inventory was specified by microelectronics hard metal composite manufacturers. motivation facilitate decision-making converting operations management data dynamic financial models. process interpreting engineering the physical level metrics creates common language between engineers, managers, departments company whose objective profitability company, each with their own priorities. proposed method provides realistic representation system monetary value. integration may become an instrument effective efficient tactical strategic collective decision-making. main outcome near formulation prediction respect KPIs. resultant verified according several scenarios. case study demonstrating modeling methodology utilizes historical information from two different industrial partners Tungsten metallurgy electronic circuit industries.