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| Author: | Perrone, G. |
| Title: | Long term capacity decisions in uncertain markets for advanced manufacturing systems incorporating scope economies |
| Journal: | European Journal of Operational Research
2002 : NOV, VOL. 143:1, p. 125-137 |
| Index terms: | INVESTMENT ANALYSIS STRATEGIC PLANNING OPTIMIZATION UNCERTAINTY DECISION MAKING |
| Language: | eng |
| Abstract: | This paper proposes a theoretical model whose main aim is the general understanding of the convenience conditions of scope economies-based manufacturing systems. The results of the theoretical model are very interesting, because they locate market conditions that make scope economies manufacturing systems less profitable than dedicated manufacturing ones; moreover, the proposed model sets some general criteria to guide the entrepreneur in making right investment decision regarding this kind of manufacturing investments. Such results can explain the reason of many failures of flexible manufacturing systems and it suggests the use of this kind of approach to investigate other flexibility forms of manufacturing systems. |
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