search query: @indexterm FLEXIBLE MANUFACTURING SYSTEMS / total: 151
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| Author: | Tombak, M. M. |
| Title: | A strategic analysis of flexible manufacturing systems. |
| Journal: | European Journal of Operational Research
1990 : JUL 25, VOL. 47:2, p. 225-238 |
| Index terms: | FLEXIBLE MANUFACTURING SYSTEMS GAME THEORY MODELS |
| Language: | eng |
| Abstract: | A game theoretic model is presented by which investment in flexible manufacturing systems (FMS) is analyzed. If the investment in this innovative production system is viable the result is a competition for the first move among similar firms in an oligopolistic industry. As a result, the Schumpeterian hypothesis of investment in a technological innovation occurring within an industry by "swarms" appears to apply to FMS diffusion. Empirical evidence supporting the results of the theoretical analysis is presented. |
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