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| Author: | Lim, S. Kim, Y. |
| Title: | Capacity planning for phased implementation of flexible manufacturing systems under budget restrictions |
| Journal: | European Journal of Operational Research
1998 : JAN, VOL. 104:1, p. 175-186 |
| Index terms: | OPERATIONAL RESEARCH CAPACITY PLANNING |
| Language: | eng |
| Abstract: | The authors consider a problem of gradually replacing conventional dedicated machines with flexible manufacturing modules (FMMs) under budget restrictions over a finite planning horizon assuming that dedicated machines cannot be purchased during the planning horizon and acquired FMMs are kept until the end of the horizon. In the problem, a replacement schedule is to be determined and operations are to be assigned to the FMMs or the dedicated machines with the objective of minimizing the sum of discounted costs of acquisition and operation of FMMs. |
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