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Aranoff, G. (2011) Competitive Manufacturing with Fluctuating Demand and Diverse Technology: Mathematical Proofs and Illuminations on Industry Output-Flexibility. Economic Modelling, 28, 1441--1450.
https://doi.org/10.1016/j.econmod.2011.02.016

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.