QUANTIFYING THE FLEXIBILITY VALUE IN AUTOMATED MANUFACTURING SYSTEMS

This paper attempts to narrow the discrepancy between the promised and actual benefits of the available financial evaluation tools for considering cost/benefit tradeoffs of investment in flexible automation of mass manufacturing systems and the actual benefits. To obtain a deeper insight into flexibility and to give consideration to all possible aspects of user experience and capability, the concepts of potential flexibility and realizable flexibility are introduced. Potential flexibility is classified into four elements and realizable flexibility into 11 elements, and a systematic procedure for quantifying realizable flexibility in monetary terms is proposed. The procedure has been applied to a test case with encouraging results.
Publisher
SOC MANUFACTURING ENGINEERS
Issue Date
1994
Language
ENG
Citation

JOURNAL OF MANUFACTURING SYSTEMS, v.13, no.2, pp.108 - 118

ISSN
0278-6125
DOI
10.1016/0278-6125(94)90026-4
URI
http://hdl.handle.net/10203/65928
Appears in Collection
IE-Journal Papers(저널논문)
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