Selecting an appropriate FMS requires consideration of many factors for successful implementation and operation. Primary factors are the system's flexibility, lifecycle cost, and competitive ability over time. This paper proposes a quantitative measure for comparing alternative FMS designs with respect to these three criteria. The model captures the effect of these three factors in a single measure.
All Science Journal Classification (ASJC) codes
- Control and Systems Engineering
- Hardware and Architecture
- Industrial and Manufacturing Engineering
- FMS Selection
- Flexibility Measurement
- Technological Obsolescence