As a result of the increasing competitive market environment and shorter product life cycle, the need for flexibility is increasing and has become a key objective in the design of manufacturing systems. Production flexibility is achieved by the abilit...
As a result of the increasing competitive market environment and shorter product life cycle, the need for flexibility is increasing and has become a key objective in the design of manufacturing systems. Production flexibility is achieved by the ability to change a process from one mode of operation to another. And flexibility is the key reason for FMS investment. Most importantly, flexibility embodies competitive value for manufacturing. Although flexibility is recognized for its strategic importance to the future of manufacturing, the complex phenomenon of this concept are not well understood.
The objective of this paper is therefore to offer a definition of flexibility and to propose a scheme for assessing value of flexibility as one of the performance measure of flexible manufacturing systems. A case example is then presented to illustrate the process of quantifying the proposed measures. And these measures are given to justify the investment of FMS installation.