Measuring Flexibility in Investment Deci
β
E. Abele; T. Liebeck; A. WΓΆrn
π
Article
π
2006
π
International Academy for Production Engineering
π
English
β 195 KB
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