Designing for manufacturing flexibility: a newsvendor approach

Document Type

Article

Publication Date

1-1-2006

Abstract

With today’s fast paced technology advancement, flexibility has emerged as a strategic imperative for the viability of business enterprises. Central to the success of any flexibility initiative, is the prudent design and selection of production systems to meet the needs of a concern in an uncertain environment. In this paper, we extend the newsvendor problem to optimise the selection of equipments for different flexibility classes and present a numerical example to show the application of the developed model. Though geared towards manufacturing, the model can be extended to other areas such as that of supply chain flexibility. © 2006 Inderscience Enterprises Ltd.

Identifier

84860716685 (Scopus)

Publication Title

International Journal of Industrial and Systems Engineering

External Full Text Location

https://doi.org/10.1504/ijise.2006.009057

e-ISSN

17485045

ISSN

17485037

First Page

201

Last Page

220

Issue

1-2

Volume

1

This document is currently not available here.

Share

COinS