The merger of discrete event simulation with activity based costing for cost estimation in manufacturing environments

Abstract

Activity based costing (ABC) has revolutionized product costing, planning, and forecasting in the last decade. It is based on a philosophy of estimation that: "it is better to be approximately right, than precisely wrong." The philosophy of discrete-event simulation modeling follows a similar tack, where statistical inference and the stochastic nature of… (More)

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Cite this paper

@inproceedings{Beck2000TheMO, title={The merger of discrete event simulation with activity based costing for cost estimation in manufacturing environments}, author={Ulrich von Beck and John W. Nowak}, booktitle={Winter Simulation Conference}, year={2000} }