ISBN-10:
1556179626
ISBN-13:
9781556179624
Pub. Date:
10/10/2005
Publisher:
ISA
Bottom-Line Automation / Edition 2

Bottom-Line Automation / Edition 2

by Peter G. Martin

Hardcover

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Product Details

ISBN-13: 9781556179624
Publisher: ISA
Publication date: 10/10/2005
Pages: 211
Product dimensions: 7.00(w) x 10.00(h) x (d)

Table of Contents

List of Figures ix

List of Abbreviations xi

Foreword: A Solution Without a Problem xv

Chapter 1 The Drive to Economic Performance 1

Globalization - What It Takes to Survive 1

Pathway to Performance 4

The Technology Trend 5

The Quality Trend 8

The Accounting Trend 10

The Convergence 15

Notes 15

Chapter 2 Technology and the Bottom Line 17

The Technology Trend 17

Technology for Manufacturing 18

Technology for Technology 21

Computer Integrated Manufacturing (CIM) - A Noun or a Verb? 28

CIM in the Process Industries 29

Lights Out Manufacturing 33

Labor and Education 36

Technology for the Bottom Line 43

Notes 52

Chapter 3 Quality and the Bottom Line 53

The Quality Trend 53

Quality for Manufacturing 55

SQC in Manufacturing 59

Quality for Technology 64

SQC Fever in the Process Industries 65

Quality for the Bottom Line 68

The Convergence of Lean Manufacturing and Quality Improvement 73

Lean Manufacturing Concepts 74

Lean Process Plants 76

Notes 79

Chapter 4 Cost Accounting and the Bottom Line 81

The Cost Accounting Trend 81

Cost Accounting and Manufacturing 83

Cost Management Systems 91

Accounting for the Bottom Line 94

Dynamic Performance Measures 102

Dynamic Performance Measures and Accounting 108

Notes 117

Chapter 5 The Convergence 121

The Technology Trend and Dynamic Performance Measures 122

The Quality Trend and Dynamic Performance Measures 124

The Accounting Trend and Dynamic Performance Measures 126

The Convergence 128

A New Management Paradigm 129

Notes 132

Chapter 6 The Economic Optimization of Industrial Assets 135

Introduction 135

Primary Plant Floor Functions in Industrial Operations137

Performance Measures for Primary Plant Floor Functions 139

Plant Asset Analysis 141

Human Assets 146

Traditional Approaches to Optimizing Plant Assets 147

Fundamentals of Mathematical Optimization 150

Traditional Approaches to Industrial Optimization 152

Optimizing Plant Assets for Business Performance 157

Asset Set Optimization 160

Requirement for Performance Vectors for Asset Sets 162

Business Value Analysis 165

A Pragmatic Approach for Optimizing Business Value from Plant Assets 167

Barriers to Deployment of Business Performance Optimization 170

Chapter 7 Case Studies 173

Introduction 173

Case Study 1 Dynamic Performance Measure Program at a Major Pharmaceutical Company 174

Case Study 2 Dynamic Performance Measures and Culture at Dynegy Midstream Services 188

Lessons Learned 193

Notes 196

Bibliography 197

Index 209

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