search query: @author Natter, M. / total: 9
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| Author: | Feurstein, M. Natter, M. |
| Title: | Fast high precision decision rules for valuing manufacturing flexibility |
| Journal: | European Journal of Operational Research
2000 : JAN 1, VOL. 120:1, p. 108-117 |
| Index terms: | OPERATIONAL RESEARCH DECISION RULES MANUFACTURING |
| Language: | eng |
| Abstract: | The valuation of Flexible Manufacturing Systems is one of the most frequently undertaken productivity improvement activities. In practice, the introduction of an FMS into industry must be done on the basis of cost justification. Recently developed techniques for the evaluation of the value of flexibility typically include the computation of stochastic dynamic programs. However, the computational effort of stochastic dynamic programs grows combinatorially and limits application to real world problems. |
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