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Investment justification in flexible manufacturing systems

✍ Scribed by M. Kakati; U.R. Dhar


Book ID
113262477
Publisher
Elsevier Science
Year
1991
Weight
630 KB
Volume
21
Category
Article
ISSN
0167-188X

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Measuring Flexibility in Investment Deci
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Investment decisions for manufacturing systems are primarily based on three characteristics: cost of purchase and operation, cycle time in connection with maximum capacity and achievable work piece quality. However, such considerations neglect another important criterion: the flexibility that allows