Financial Models and Tools for Managing Lean Manufacturing (Hardcover)

Introduction Historical Background of the Problem Objectives of the Study Important Questions for the Study Importance of this Study References Impact of Management Accounting Methods on Lean Implementation Management Accounting Transition in Focus from Internal to External Difficulties Presented by the Current forms of Financial Reporting Just-in-Time (JIT) and Lean Manufacturing Practices Related Studies and Missing Elements Problems with Previous Studies Contributions of this Study References Multi-Period Simulation Model of a Factory with Lean Manufacturing Experimental Design, Statistical Hypothesis, and Data Analysis Experimental Design Proposed Hypotheses Data Analysis Methods Diagrams Experimental Factors Generation of a Random Sales Demand Inventory Policy Management Accounting Method Detailed Description of Data Generation Process Simulation Model Design Simulated Factory Parameters Model Manufacturing Operations Production Planning Tool Calculation of the Coming Month Production Schedule Tracking On-Hand Inventories Calculation of Income Statements by Accounting Method Model Execution ? Data Generation Technical Issues with the Simulation Model References Analytical Findings from Lean Manufacturing Factory Operation Raw Data and Descriptive Statistics Test of Hypotheses Results by Performance Measure and Period Gross Profit Net Profit Sensitivity to Sales Variability Service Level Sensitivity Analysis References Conclusions and Implications of Lean Manufacturing Factory Operation Summary of Research Findings Comparison to Previous Studies Implications for Practice Limitations Suggestions for Future Research Expansion of Time Horizon Expansion of the Number of Inventory Reduction Policies Modeled per Dataset Customer Service Level Measures Reduction in Reporting Cycle Expansion of Income Statements Use of Distribution Other than Normal Further Development of the Order-Activity Product Costing Method References Impact of the Pareto Distribution on Product Cost Calculations Introduction Definition of Problem Research Questions Methods Results Discussion Conclusions and Implications of This Research References Apendices