Characterizing the performance of process flexibility structures

Authors:
O. Zeynep AkşIn;Fikri Karaesmen
Affiliations:
Graduate School of Business, Koç University, Turkey;Department of Industrial Engineering, Koç University, Istanbul 34450, Turkey
Venue:
Operations Research Letters
Year:
2007

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Abstract

The objective is to identify preferred flexibility structures in service or manufacturing systems, when demand is random and capacity is finite. Considering a network flow type model as the basis of the analysis, general structural properties of flexibility design pertaining to the marginal values of flexibility and capacity are identified.