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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Measuring The Need For Manufacturing Flexibility And Evaluating Its Economic Benefits, Navin Karwande
Flexible systems are known of enabling organizations to take advantage of diversified products, low volume production items with short life-cycles. They also improve the ability to respond to market changes. Flexibility has thus become a strategic manufacturing need in recent years.
Because of the high initial capital outlay involved, the selection of the appropriate flexible solution has become a critical issue. This thesis proposes a methodology to determine the most cost effective and feasible flexibility strategy. A flexibility audit is developed to analyze and evaluate the changes taking place in a facility's environment. These changes and a measurement scheme ...