Economic justification for incremental implementation of advanced manufacturing systems

Vahid Lotfi (), J Sarkis and J H Semple
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J Sarkis: Clark University
J H Semple: Southern Methodist University

Journal of the Operational Research Society, 1998, vol. 49, issue 8, 829-839

Abstract: Abstract The strategic decision to integrate Advanced Manufacturing Systems (AMS) within a traditional production system has become an attractive and sometimes necessary alternative in many industrial settings. The purpose of this paper is to develop a model that focuses on this particular decision-making problem. Simplifications and approximations introduced at the operational level permit two key issues to be addressed: (1) where should AMS be implemented; and (2) when should this implementation occur. The model is shown to have good structure for a simplified analysis, thus making it particularly useful in instances where only rough estimates of costs are available and extensive ‘what if’ type analyses are therefore required.

Keywords: capital budgeting; flexible manufacturing systems; mixed integer linear programming (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1057/palgrave.jors.2600573

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