A modeling approach for evaluating capacity flexibilities in uncertain markets

International Journal of Flexible Manufacturing Systems

Volumn 19, Issue 3, 2008, Pages 151-172

  Zaeh, M F ^a,b   Mueller, N ^a,b  

^a TECHNICAL UNIVERSITY OF MUNICH   (Germany)

^b NONE   (Germany)

Author keywords

Capacity planning; Demand uncertainty; Flexibility evaluation

Indexed keywords

COST ACCOUNTING; CUSTOMER SATISFACTION; ECONOMIC ANALYSIS; MATHEMATICAL MODELS; STRATEGIC PLANNING; UNCERTAIN SYSTEMS;

CAPACITY PLANNING; DEMAND UNCERTAINTY; FLEXIBILITY EVALUATION;

PRODUCTION CONTROL;

EID: 41549125105     PISSN: 09206299     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10696-007-9024-6     Document Type: Article

References (64)

1. Balachandran BV, Balakrishnan R, Sivaramakrishnan K (1997) Capacity planning with demand uncertainty. Eng Economist 43:1
2. Balachandran BV, Balakrishnan R, Sivaramakrishnan K (1997) Capacity planning with demand uncertainty. Eng Economist, 49(24)
3. Banker RD, Hughes J (1994) An empirical study of manufacturing overhead cost drivers. J Acc Econ 11:115-134
4. Barahona F, Bermon S, Günlük O, Hood S (2001) Robust capacity planning in semiconductor manufacturing. IBM Research Report RC22196, IBM
5. Bermon S, Hood S (1999) Capacity optimization planning system (CAPS). Interfaces 29(5):31-50
6. Birge S (2000) Option methods for incorporating risk into linear capacity planning models. Manuf Serv Oper Manag 2(1):19-31
7. Birge S, Louveaux F (1997) Introduction to stochastic programming. Springer, New York
8. Bordoloi SK, Cooper WW, Matsuo H (1999) Flexibility, adaptability, and efficiency in manufacturing systems, Prod Oper Manag 8(2):133-150
9. Box GEP, Jenkins GM, Reinsel GC (1994) Time series analysis, forecasting and control, 3rd edn. Prentice Hall, Englewood Cliffs, NJ
10. Brockwell PJ, Davis RA (2002) Introduction to time series and forecasting, 2nd edn. Springer, Berlin, Heidelberg, New York
11. Buffa ES (1983) Modern production/operations management. Wiley, New York
12. Cachon GP (2003) Supply chain coordination with contracts. In: Kok AG, Graves SC (eds) Supply chain management: design, coordination and operation, handbooks in a chain, operations research and management science, vol 11. Elsevier, Amsterdam, The Netherlands, p 229
13. Calanyildirim M, Roundy RO (2002) SeDFAM: semiconductor demand forecast accuracy model. IIE Trans 34:449-465
14. Calanyildirim M, Roundy RO, Wood SC (2004) Optimal machine capacity expansions with nested limitations under stochastic demand. Nav Res Log 51:217-241
15. Chand S, Hsu VN, Sethi SP (2002) Forecast, solution, and rolling horizons in Harvard operations management problems: a classified bibliography. Manuf Serv Oper Manag 4(1):25-43
16. Chen FF, Everette EA Jr (1991) The impact of flexible manufacturing systems on productivity and quality. IEEE Trans Eng Manag 38(1):33-45
17. Chod J, Rudi N (2005) Resource flexibility with responsive pricing. J Oper Res 53(3):532-548
18. de Groote X (1994) The flexibility of production processes: a general framework. Manag Sci 40(7):993-945
19. de Toni A, Tonchia S (1998) Manufacturing flexibility: a literature review. Int J Prod Res 36(6):1587-1617
20. Deif A, ElMaraghy W (2006) Effect of reconfiguration costs on planning for capacity scalability in reconfigurable manufacturing systems. Int J Flexible Manuf Syst 18(3):225-238
21. Deif A, ElMaraghy W (2007a) Investigating optimal capacity scalability scheduling in reconfigurable manufacturing systems. Int J Adv Manuf Technol 32(5-6):557-562
22. Deif A, ElMaraghy W (2007b) Deciding on capacity scalability in RMS: an integrated approach. In: Proceedings of 2nd international conference on changeable, reconfigurable, agile and virtual production (CARV 2007), Toronto, Canada, 22-24 July 2007, pp 960-971
23. DeLurgio SA (1998) Forecasting principles and applications. Irwin McGraw-Hill, Boston, MA
24. Erhun F, Keskinocak P (2006) Game theory in business applications. http://www2.isye.gatech.edu/~pinar/teaching/isye6230-spring2004/ GT-SC-erhun-keskinocak2003.pdf (24.03.2006)
25. Göx RF (2002) Capacity planning and pricing under uncertainty. J Manag Acc Res 14:59-78
26. Goyal M, Netessine S (2005) Capacity investement and the interplay between volume flexibility and product flexibility. Working paper, University of Pennsylvania ( http://www.netessine.com )
27. Gunasekaran A (1998) Agile manufacturing: enablers and an implementation framework. Int J Prod Res 36(5):1223-1247
28. Huang K, Ahme S (2005) The value of multi-stage stochastic programming in capacity planning under uncertainty. Stochastic Programming E-Print Series, vol 15
29. Huh WT, Roundy RO, Çakanyildirim M (2006) A general strategic capacity planning model under demand uncertainty. Nav Res Log 2:137-150
30. Julka N, Baines T, Tjahjono B, Lendermann P, Vitanov V (2007) A review of multi-factor capacity expansion models for manufacturing plants: searching for a holistic decision aid. Int J Prod Econ 106(2):607-621
31. Karabuk S, Wu D (1999) Coordinating strategic capacity planning in the semiconductor industry. Technical Report 99T-11, Department of IMSE, Lehigh University
32. Kim JH, Duffie N (2005) Design and analysis for a closed loop capacity control of a multi workstation production system. Ann CIRP 54(1):470-473
33. Koltai T, Stecke KE (2007) Route-independent analysis of available capacity in flexible manufacturing systems. Production and Operations Management, to be published
34. Koren Y, Ulsoy AG (1997) Reconfigurable manufacturing systems, ERC/RMS Technical Report, No. 1, University of Michigan, Ann Arbor, MI
35. Koste L, Malhorta M (1999) A theoretical framework for analyzing the dimensions of manufacturing flexibility. J Oper Manag 18:75-93
36. Lin Z, Yang CB (1995) Economic evaluation of the planning of a flexible manufacturing system. Int J Comput Appl Technol 8(1-2):21-29
37. Luss H (1982) Operations research and capacity expansion problems: a survey. Oper Res 30(5):907-947
38. Makradakis S, Wheelwright SC, McGhee VE (1983) Forecasting: methods and applications, 2nd edn. Wiley, New York, NY
39. Manne AS (1967) Investment for capacity expansion: size, location and time-phasing. MIT Press, Cambridge, MA
40. Matta A, Semeraro Q (2005) A framework for long term capacity decisions in AMSS design of advanced manufacturing systems. Springer, The Netherlands, pp 1-35
41. Mehrabi MG, Ulsoy G, Koren Y, Heytler P (2002) Trends and perspectives in flexible and reconfigurable manufacturing systems. J Intell Manuf 13(2):135-146
42. van Mieghem J (2003) Capacity management, investment, and hedging: review and recent developments. Manuf Serv Oper Manag 5(4):269-302
43. Mula J, Poler R, Garcia-Sabater JP, Lario FC (2006) Models for production planning under uncertainty: a review. Int J Prod Econ 103:271-285
44. Pak D, Ryan SM (2001) Option pricing methods for estimating capacity shortages. M.S. Thesis, Iowa State University, Ames
45. Parker RP, Wirth A (1999) Manufacturing flexibility: measures and relationships. Eur J Oper Res 118:429-449
46. Pereira J, Paulré B (2001) Flexibility in manufacturing systems: a relational and a dynamic approach. Eur J Oper Res 130:70-82
47. Rajagopalan S, Yu HL(2001) Capacity planning with congestion effects. Eur J Oper Res 134:365-377
48. Ramasesh RV, Jayakumar MD (1991) Measurement of manufacturing flexibility: a value based approach. J Oper Manag 10:446-467
49. Ren ZJ, Cohen MA, Ho TH, Terwiesch C (2007) Sharing forecast information in a long-term supply chain relationship. http://faculty.haas.berkeley.edu/ hoteck/PAPERS/Ren.pdf (12.01.2007)
50. Ryan SM (2003) Capacity expansion with lead times and correlated random demand. Nav Res Log 50(2):167-183
51. Ryan SM (2004) Capacity expansion for random exponential demand growth with lead times. Manag Sci 50(6):740-748
52. Rother M, Shook J (2003) Learning to see, version 1.3. Lean Enterprise Institute
53. Schnetzler M, Nölle A, Hasenfuss K, Iliev N, Ziegenbein A (2006) Supply chain management und Unternehmenserfolg-trends und Herausforderungen. BWI ETH Zürich & IFA Universität Hannover, p 21
54. Sethi AK, Sethi SP (1990) Flexibility in manufacturing: a survey. Int J Flexible Manuf Syst 2:289-328
55. Sethi SP, Taksar M, Zhang Q (1995) Hierarchical capacity expansion and production planning decisions in stochastic manufacturing systems. J Oper Manag 12:331-352
56. Slack N, Chambers S, Harland C, Harrison A, Johnson R (1995) Operations management. Pitman Publishing, London (Melbourne)
57. Son SY, Olsen TL, Yip-Hoi D (2001) An approach to scalability and line balancing for reconfigurable manufacturing systems. Integr Manuf Syst 12(7):500-511
58. Suarez FF, Cusumano MA, Fine CH (1995) An empirical study of flexibility in manufacturing. Sloan Manag Rev 25-31
59. Urbani A (2004) A method for life cycle cost analysis of manufacturing systems. In: Proceedings of the 2004 Japan-USA symposium on flexible automation, Denver, CO
60. Wets RJB (1989) Stochastic programming. In: Nemhauser GL et al (eds) Optimization: handbooks in OR & MS. Elsevier, Amsterdam
61. Wu SD, Erkoc M, Karabuk S (2005) Managing capacity in the high-tech industries: a review of literature. Eng Economist 50:125-158
62. Zaeh MF, Mueller N (2007) On planning and evaluating capacity flexibilities in uncertain markets. In: Proceedings of 2nd international conference on changeable, reconfigurable, agile and virtual production (CARV 2007), Toronto, Canada, 22-24 July 2007, pp 117-126
63. Zaeh MF, Mueller N, Rimpau C (2005) A holistic framework for enhancing the changeability of production systems. In: Proceedings of 1st international conference in changeable, agile, reconfigurable and virtual production (CARV 2005), Herbert Utz Verlag, Munich, 22-23 September 2005, pp 77-83
64. Zhang F, Roundy R, Cakanyildirim M, Huh WT (2004) Optimal capacity expansion for multi-product, multi-machine manufacturing systems with stochastic demand. IIE Trans 36:23-36