SIMULATION AND DECISION ANALYSIS IN FMS JUSTIFICATION.
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review
Author(s)
Detail(s)
| Original language | English |
|---|---|
| Title of host publication | Winter Simulation Conference Proceedings |
| Publisher | Institute of Electrical and Electronics Engineers, Inc. |
| Pages | 407-412 |
| ISBN (print) | 911801049 |
| Publication status | Published - Dec 1984 |
| Externally published | Yes |
Publication series
| Name | |
|---|---|
| ISSN (electronic) | 0275-0708 |
Link(s)
Abstract
This study presents a methodology that applies queuing theory, decision theory, and simulation to analyze the economic merit of an FMS (flexible manufacturing system) application. At each decision point the decision-maker interacts with the simulation model by specifying alternative courses of actions to be evaluated. The capacity of the flexible manufacturing system may be augmented if projected demand exceeds current capacity. An after-tax analysis provides the decision-maker with the performance measure for selecting the best alternative.
Research Area(s)
Citation Format(s)
SIMULATION AND DECISION ANALYSIS IN FMS JUSTIFICATION. / Co, Henry C.; Liu, Jianhua.
Winter Simulation Conference Proceedings. Institute of Electrical and Electronics Engineers, Inc., 1984. p. 407-412.
Winter Simulation Conference Proceedings. Institute of Electrical and Electronics Engineers, Inc., 1984. p. 407-412.
Research output: Chapters, Conference Papers, Creative and Literary Works › RGC 32 - Refereed conference paper (with host publication) › peer-review
