Vol.6, No.3, August 2017.                                                                                                         ISSN: 2217-8309

                                                                                                                                                 eISSN: 2217-8333

 

TEM Journal

 

TECHNOLOGY, EDUCATION, MANAGEMENT, INFORMATICS

Association for Information Communication Technology Education and Science


Optimization of Cutting Conditions and Improvement of Production in

Economic Terms

 

Darina Matisková, Ľubomír Ambriško

 

© 2017 Darina Matisková et al, published by UIKTEN. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. (CC BY-NC-ND 4.0)

 

Citation Information: TEM Journal. Volume 6, Issue 3, Pages 584-590, ISSN 2217-8309, DOI: 10.18421/TEM63-21, August 2017.

 

Abstract:

 

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.

 

Keywords – Optimization criterion, economic costs, production cost minimization, optimization potential.

 

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