An increasingly uncertain market environment, high product variety and shortened product life cycles lead to an increased demand for adaptable production systems. Due to higher initial investment costs, it becomes more difficult to assess the profitability of such production systems with conventional methods, since the advantages of adaptable production systems are not considered sufficiently. This article presents an approach allowing to determine the economic feasibility of highly adaptable production systems which are repeatedly undergoing reconfiguration processes to adapt to products, processes and technologies that are unknown during planning and launch. In contrast to others, this approach considers a preferably high level of adaptability enabling the production system to change extensively and quickly. To test the method a scenario from the publicly funded project Fluid Production is used.
Economic Feasibility of Highly Adaptable Production Systems
ARENA2036
Advances in Automotive Production Technology – Theory and Application ; Chapter : 2 ; 12-19
2021-06-02
8 pages
Article/Chapter (Book)
Electronic Resource
English
Economic Feasibility of Highly Adaptable Production Systems
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