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Technical Paper

Real-Time Integrated Economic and Environmental Performance Monitoring of a Production Facility

2001-03-05
2001-01-0625
In this paper, we describe our work and experiences with integrating environmental and economic performance monitoring in a production facility of Interface Flooring Systems, Inc. The objective of the work is to create a ‘dashboard’ that integrates environmental and economic monitoring and assessment of manufacturing processes, and provides engineers and managers an easy to use tool for obtaining valid, comparable assessment results that can be used to direct attention towards necessary changes. To this purpose, we build upon existing and familiar cost management principles, in particular Activity-Based Costing and Management (ABC&ABM), and we extend those into environmental management in order to obtain a combined economic and environmental performance measurement framework (called Activity-Based Cost and Environmental Management).
Technical Paper

Applying Information-Gap Decision Theory to a Design Problem Having Severe Uncertainty

2006-04-03
2006-01-0273
Often in the early stages of the engineering design process, a decision maker lacks the information needed to represent uncertainty in the input parameters of a performance model. In one particular form of severely deficient information, a nominal estimate is available for an input parameter, but the amount of discrepancy between that estimate and the parameter's true value, as well as the implications of that discrepancy on system performance, are not known. In this paper, the concepts and techniques of information-gap decision theory (IGDT), an established method for making decisions robust to severely deficient information, are examined more closely through application to a design problem with continuous design variables. The uncertain variables in the chosen example problem are parameters of a probability distribution, so the relationship between IGDT and design approaches considering precise and/or imprecise probabilities is explained.
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