In our globalised economy, important stakeholder groups nowadays hold companies responsible for the social impacts they cause in their product chain through activities like child labour, corruption or discrimination of employees. Many companies thus see themselves in need of a tool which can help them make informed decisions about their social impacts throughout the life cycle of their products...

This paper focuses on developing performance model for manufacturing facility design considering systems configuration, RAM design and the system life cycle cost. For this study, we used a four-step approach. The major steps involved in this procedure are: 1) deal with initial system configurations to meet the required production rate, 2) develop system reliability, availability and maintainabi...

Decision-makers are increasingly required to assess the value created by complex physical systems over their entire life cycle. The commonly applied Life Cycle Costing approach fails fully capture value, as it is primarily aimed at costs, takes a reductionist approach, and does not account for continuously changing industrial environments. To address these shortcomings, Valuation methodology pr...

Abstract The aim of this paper is to link the concept green public procurement (GPP) nowadays popular circular economy (CE) by exploring possibilities procurement. legal framework will be specified at all stages suggested cycle (preparation, tendering, execution, monitoring) and connected instruments that support GPP summarized. In research, ecolabelling life-cycle costing highlighted as tools ...

New management techniques such as ‘just-in-time’, ‘lean manufacturing’ and ‘Six Sigma’ allow management accountants to shift their focus from the management and control of production processes to the management of strategic issues. This paradigm shift resulted from shorter product life cycles, due to technological advances and a more competitive business environment. Recent revisions to the Int...