Liggett, Hampton R.
M.S. (Master of Science)
Department of Industrial Engineering
Production control--Decision making
As a manufacturing company implements changes at the shop floor, performance must be closely monitored to determine whether any improvements were made. Many companies use their cost accounting systems to trace the success of these changes. A cost accounting system is designed to provide long-term planning and control, but it fails to provide timely feedback for shop-floor monitoring and control. For effective performance measurement and evaluation, an independent performance system which incorporates both financial and non-financial measures and directly meets the company objectives is needed. The successful implementation of manufacturing improvements can be negatively affected by discrepancies between operational and financial measures. Specifically, operational improvements (i.e., decreased inventoiy, increased productivity) may not be reflected in financial results (i.e., lower production cost, higher sales). The purpose of these research is to provide a methodology for improved decision making through appropriate performance evaluation. The theoretical methodology developed was tested at a small manufacturer. The case study process and relevant results are reported.
Zachariades, Christos T., "Financial and operational performance measurement and evaluation for improved decision analysis" (1997). Graduate Research Theses & Dissertations. 3128.
ix, 186 pages
Northern Illinois University
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