Proceedings of the Korean Operations and Management Science Society Conference (한국경영과학회:학술대회논문집)
- 2004.10a
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- Pages.229-244
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- 2004
Optimal Investment of Capacity & Production Planning of Flexible Manufacturing System Considering Economies of Scope
범위의 경제를 고려한 유연생산시스템의 최적 용량 투자 및 생산 계획
Abstract
This study addresses the problem of flexible technology acquisition in multi-product market when demands are uncertain. We confine the concept of flexibility to the ability of manufacturing system to produce a number of different types of products, called product-mix flexibility type. And an analytical model in which economies of scope is incorporated explicitly as a feature of flexible technology is presented to find the optimal investment decision to acquire flexible technology and optimal production planning. The characteristics of optimal investment strategy related to capacity and production planning are discussed.