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Optimization of Cutting Conditions and Improvement of Production in Economic Terms

Journal: TEM JOURNAL - Technology, Education, Management, Informatics (Vol.6, No. 3)

Publication Date:

Authors : ; ;

Page : 584-590

Keywords : Optimization criterion; economic costs; production cost minimization; optimization potential;

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In order for companies to succeed in terms of a market economy, rapidly growing competition and changing customer preferences, managers have to aim their activities mainly on optimization, cost reduction, increasing production flexibility and product quality. This paper deals with problems of economic costs of individual manufacturing operations. Optimization criterion addresses the minimization of production costs. In many cases, this can be done also by a maximization of productivity.

Last modified: 2017-08-24 08:15:52