Simulation-Based Assessment of Carbon Footprint and Cost Analysis in Manufacturing System

In recent years, there has been dramatic concern about climate change with increased natural disasters. One of the critical factors of climate change is greenhouse gas emissions. The international community is growing more apprehensive about carbon emissions and their substantial environmental and climate influence. Apart from measuring product carbon footprints, financial analysis must include cost assessment to understand emission related expenses, like energy use in manufacturing. This study examines the case of Company A, a manufacturing company based in Taiwan that specializes in magnetic vises and magnetic work holding. This study aims to identify the amount of carbon emissions by analyzing major activities related to the manufacture of the product, developing a simulation model to represent the activities in detail, and conducting a cost analysis.