ISBN: 9789776563092

Weight: 1141 grams

Dimensions: 17 × 24 cm

Introduction

In the new production environment, traditional cost theories were criticized for assuming long production cycles for a single standard product with unchanging specifications. This assumption limited cost management to manufacturing and storage phases, ignoring the stages of creativity, development, and design of new products. The information technology era has shown that this assumption is no longer realistic and is unsuitable for modern technology conditions. One of the most important aspects of modern technology is the ability to produce a wide variety of products, especially with a flexible manufacturing system.