TY - JOUR
T1 - A framework for understanding flexibility of manufacturing systems
AU - Gupta, D.
AU - Buzacott, J. A.
PY - 1989
Y1 - 1989
N2 - The concept of "flexibility" has been a recurring theme in the recent operations research literature pertaining to manufacturing. Although flexibility is recognized for its strategic importance to the future of manufacturing, critical underpinnings of this concept are not well understood. This paper presents a comprehensive study of flexibility and proposes a scheme for assessing "value of flexibility", a surrogate flexibility measure. The paper also provides valuable conceptual foundations for the development of quantitative models dealing with economic evaluation of investments in the flexibly automated manufacturing systems.
AB - The concept of "flexibility" has been a recurring theme in the recent operations research literature pertaining to manufacturing. Although flexibility is recognized for its strategic importance to the future of manufacturing, critical underpinnings of this concept are not well understood. This paper presents a comprehensive study of flexibility and proposes a scheme for assessing "value of flexibility", a surrogate flexibility measure. The paper also provides valuable conceptual foundations for the development of quantitative models dealing with economic evaluation of investments in the flexibly automated manufacturing systems.
KW - Economic Justifications
KW - Flexibility
KW - Flexible Manufacturing Systems
KW - Surrogate Measures
KW - Value of Flexibility
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U2 - 10.1016/0278-6125(89)90028-9
DO - 10.1016/0278-6125(89)90028-9
M3 - Article
AN - SCOPUS:0001944856
SN - 0278-6125
VL - 8
SP - 89
EP - 97
JO - Journal of Manufacturing Systems
JF - Journal of Manufacturing Systems
IS - 2
ER -
