A model of economic evaluation for the acquisition of flexible manufacturing technologies

Pedro Palominos; Luis Quezada; Javier Donoso; Miguel Gonzalez

doi:10.1016/j.promfg.2020.01.420

A model of economic evaluation for the acquisition of flexible manufacturing technologies

Pedro Palominos, Luis Quezada, Javier Donoso, Miguel Gonzalez

Resultado de la investigación: Contribución a una revista › Artículo de la conferencia › revisión exhaustiva

Resumen

Manufacturing companies have to withstand a growing global competition on different strategic dimensions like production costs, product quality, flexible manufacturing and product innovation. To cope with this increased competition, companies invest in solutions based on flexible idea, as flexible assembly systems, flexible selection and picking systems, automated warehouses, etc. However, the high level of technical sophistication and the high investment of this type of technology make the selection of flexible technologies difficult. A linear programming model is proposed, based on the concepts of manufacturing flexibility to make investment decisions when manufacturing multiple products. Finally, we present a numerical example in which optimal acquisition decisions and the value of flexibility are calculated in the context of the decision to invest in the manufacturing plant.

Idioma original	Inglés
Páginas (desde-hasta)	565-573
Número de páginas	9
Publicación	Procedia Manufacturing
Volumen	39
DOI	https://doi.org/10.1016/j.promfg.2020.01.420
Estado	Publicada - 1 ene 2019
Evento	25th International Conference on Production Research Manufacturing Innovation: Cyber Physical Manufacturing, ICPR 2019 - Chicago, Estados Unidos Duración: 9 ago 2019 → 14 ago 2019

Áreas temáticas de ASJC Scopus

Ingeniería industrial y de fabricación
Inteligencia artificial

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

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abstract = "Manufacturing companies have to withstand a growing global competition on different strategic dimensions like production costs, product quality, flexible manufacturing and product innovation. To cope with this increased competition, companies invest in solutions based on flexible idea, as flexible assembly systems, flexible selection and picking systems, automated warehouses, etc. However, the high level of technical sophistication and the high investment of this type of technology make the selection of flexible technologies difficult. A linear programming model is proposed, based on the concepts of manufacturing flexibility to make investment decisions when manufacturing multiple products. Finally, we present a numerical example in which optimal acquisition decisions and the value of flexibility are calculated in the context of the decision to invest in the manufacturing plant.",

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AU - Donoso, Javier

AU - Gonzalez, Miguel

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N2 - Manufacturing companies have to withstand a growing global competition on different strategic dimensions like production costs, product quality, flexible manufacturing and product innovation. To cope with this increased competition, companies invest in solutions based on flexible idea, as flexible assembly systems, flexible selection and picking systems, automated warehouses, etc. However, the high level of technical sophistication and the high investment of this type of technology make the selection of flexible technologies difficult. A linear programming model is proposed, based on the concepts of manufacturing flexibility to make investment decisions when manufacturing multiple products. Finally, we present a numerical example in which optimal acquisition decisions and the value of flexibility are calculated in the context of the decision to invest in the manufacturing plant.

AB - Manufacturing companies have to withstand a growing global competition on different strategic dimensions like production costs, product quality, flexible manufacturing and product innovation. To cope with this increased competition, companies invest in solutions based on flexible idea, as flexible assembly systems, flexible selection and picking systems, automated warehouses, etc. However, the high level of technical sophistication and the high investment of this type of technology make the selection of flexible technologies difficult. A linear programming model is proposed, based on the concepts of manufacturing flexibility to make investment decisions when manufacturing multiple products. Finally, we present a numerical example in which optimal acquisition decisions and the value of flexibility are calculated in the context of the decision to invest in the manufacturing plant.

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