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Please use this identifier to cite or link to this item: http://eprint.iitd.ac.in/handle/2074/905

Title: Equipment flexibility vs. inventory: A simulation study of manufacturing systems
Authors: Garg, Suresh
Vrat, Prem
Kanda, Arun
Keywords: Manufacturing strategy
Just-in-time
Flexibility
Simulation
Issue Date: 2001
Citation: International Journal Production Economics, 70(2), 125-143
Abstract: Technological flexibility requires very high initial investments and therefore a decision to acquire it is both risky and strategic in nature. The objective of this paper is to find out the technological flexibility requirements in just-in-time manufacturing under different environmental situations. The simulation results showthat the incorporation of flexibility in a manufacturing system is vital. The choice of the extent of flexibility is driven by the market and economic factors.
URI: http://eprint.iitd.ac.in/dspace/handle/2074/905
Appears in Collections:Mechanical Engineering

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