A Stochastic Approach for Product Costing in Manufacturing Processes

Nowadays, manufacturing companies are characterized by complex systems with multiple products being manufactured in multiple assembly lines. In such situations, traditional costing systems based on deterministic cost models cannot be used. This paper focuses on developing a stochastic approach to co...

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Bibliographic Details
Main Authors: Paulo Afonso, Vishad Vyas, Ana Antunes, Sérgio Silva, Boris P. J. Bret
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/9/18/2238