Importance of Flexibility in Manufacturing Systems
نویسندگان
چکیده
منابع مشابه
Importance of Flexibility in Manufacturing Systems
Flexibility refers to the ability of a manufacturing system to respond cost effectively and rapidly to changing production needs and requirements. This capability is becoming increasingly important for the design and operation of manufacturing systems, as these systems do operate in highly variable and unpredictable environments. It is important to system designers and managers to know of diffe...
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Traditional component manufacturing systems have been optimized for either small scale craft production or for mass production of a small variety of high volume parts. Trends towards intermediate volumes and larger variety of parts have exposed the need for intelligently embedding flexibility in manufacturing systems and processes. The literature offers only few attempts to value component fabr...
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In this paper, we look across the manufacturing enterprise to consider opportunities to improve value by switching among suppliers, plants, and markets. We extend this model to address the reality that these switches may often take a period of transition time, rather than occur instantaneously. We value the real options associated with this flexible approach using both a lattice and Monte Carlo...
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ژورنال
عنوان ژورنال: International Journal of Computers Communications & Control
سال: 2006
ISSN: 1841-9836,1841-9836
DOI: 10.15837/ijccc.2006.2.2285