Towards Measuring Investment in Flexible Foundry Manufacturing
Manufacturing flexibility is an important instrument to ensure the success of manufacturing systems in the modern day competitive and uncertain environment. The major hindrance in integrating flexibility into decision making process is that it is difficult to measure and be compared to future indefinable manufacturing scenarios. This paper presents a methodical concept utilizing real options to evaluate flexible foundry manufacturing system.
Keywords: Foundry Manufacturing System Automation, Manufacturing Flexibility, Norway
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ABOUT THE AUTHOR
Rhythm Suren Wadhwa
Rhythm Suren Wadhwa is a researcher at the department of production and quality engineering, NTNU. She has worked in the Manufacturing Automation industry for five years. Current research interests include assembly automation, optimization techniques, assembly simulation and industrial robotics. She was the president of Society of Women Engineers at the University of Michigan. She has a Masters Degree in Mechanical Engineering from University of Michigan, and Bachelors degree in Manufacturing Processes Automation Engineering.
Rhythm Suren Wadhwa
Rhythm Suren Wadhwa is a researcher at the department of production and quality engineering, NTNU. She has worked in the Manufacturing Automation industry for five years. Current research interests include assembly automation, optimization techniques, assembly simulation and industrial robotics. She was the president of Society of Women Engineers at the University of Michigan. She has a Masters Degree in Mechanical Engineering from University of Michigan, and Bachelors degree in Manufacturing Processes Automation Engineering.