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Measuring flexibility in investment decisions for manufacturing systems

Abele, Eberhard ; Liebeck, Tobias ; Wörn, Arno :
Measuring flexibility in investment decisions for manufacturing systems.
In: CIRP Annals - Manufacturing Technology, Elsevier, Manchester, 55/1 pp. 433-436.
[Artikel], (2006)

Typ des Eintrags: Artikel
Erschienen: 2006
Autor(en): Abele, Eberhard ; Liebeck, Tobias ; Wörn, Arno
Titel: Measuring flexibility in investment decisions for manufacturing systems
Sprache: Englisch
Titel der Zeitschrift, Zeitung oder Schriftenreihe: CIRP Annals - Manufacturing Technology, Elsevier, Manchester
Band: 55/1
Fachbereich(e)/-gebiet(e): Fachbereich Maschinenbau
Fachbereich Maschinenbau > Produktionsmanagement, Technologie und Werkzeugmaschinen
Hinterlegungsdatum: 20 Nov 2008 08:28
Schlagworte in weiteren Sprachen:
Einzelne SchlagworteSprache
Flexibility, Decision Making, Manufacturing SystemKeine Angabe
Alternatives oder übersetztes Abstract:
AbstractSprache
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 a manufacturing system to adapt to future production requirements and structures. The major barrier in integrating flexibility into the decision-making process is the difficulty to measure and compare it due to upcoming production scenarios that are not ultimately definable. Therefore, this paper presents a methodical concept for the evaluation of manufacturing systems using real options in order to incorporate flexibility in the decisionmaking process.Keine Angabe
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