Article citationsMore>>

Chan, F.T.S., Bhagwat, R. and Wadhwa, S. (2008) Comparative Performance Analysis of a Flexible Manufacturing System (FMS): A Review-Period-Based Control. International Journal of Production Research, 46, 1-24.
https://doi.org/10.1080/00207540500521188

has been cited by the following article:

• TITLE: Manufacturing and Production Economics Numerical Model Old Non-FMS versus Modern FMS Plants

  AUTHORS: Gerald Aranoff

  KEYWORDS: Flexible Manufacturing System

  JOURNAL NAME: Modern Economy, Vol.10 No.12, December 27, 2019

  ABSTRACT: Flexible Manufacturing System (FMS) is a modern innovation in manufacturing technology that allows a factory to switch at no cost between manufacturing different products. This paper presents a simple numerical model of manufacturing and production economics with illustrated demand and cost curves. The model shows industry long-run equilibrium (E(Π)=0) for manufacturing and production to supply hypothetical demand schedules for two products: 1 and 2. The model has two plant types: old non-FMS Plant2L that can produce only product 2 and modern FMS PlantK that can switch easily between manufacturing products 1 and 2. The model assumes linear total cost curves with absolute capacity limits for the two plant types.