Valuing the flexibility of flexible manufacturing systems
This paper studies a topical issue: Flexible Manufacturing System (FMS) justification. We contend that current evaluation methods fall short of capturing a key advantage of an FMS: the value of flexibility. We identify various benefits of FMS that arise from the ability to switch between modes...
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| Format: | Working Paper |
| Language: | en_US |
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MIT Energy Lab
2005
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| Online Access: | http://hdl.handle.net/1721.1/27212 |