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| Author: | Groote, X. de |
| Title: | The flexibility of production processes: a general framework |
| Journal: | Management Science
1994 : JUL, VOL. 40:7, p. 933-945 |
| Index terms: | FLEXIBILITY LOT-SIZE MODEL MANAGEMENT |
| Language: | eng |
| Abstract: | Various models have been developed over the years to analyze the many facets of the flexibility of production and operations systems. This paper proposes a general framework for the modeling and analysis of flexibility. The argument hinges upon the distinction between flexibility - a property of the technology - and diversity - a property of the environment in which the technology is operated. Flexibility is characterized as a hedge against diversity. |
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