A Review on Manufacturing Flexibility

Terkaj, Walter; Tolio, Tullio; Valente, Anna

doi:10.1007/978-3-540-85414-2_3

Cited by 226 publications

(14 citation statements)

References 40 publications

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“…Manufacturing flexibility is the ability to change or react to environmental uncertainty with little penalty in time, effort, cost, or performance. Manufacturing flexibility is vital for companies in times of price volatility and competitive pressure [27]- [29]. It has two aspects: range and time.…”

Section: H2: Capex From Internally Generated Cash Flows Is Negativelymentioning

confidence: 99%

Manufacturing Management in Process Industries: The Impact of Market Conditions and Capital Expenditure on Firm Performance

Moser

Okwir

Seifert

2021

IEEE Trans. Eng. Manage.

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Process industries operate in commodity markets with low product variety, little product differentiation, and highly capital-intensive manufacturing. Because prices are volatile and demand is uncertain, manufacturing capabilities become the main strategic competitive lever. The purpose of this paper is to evaluate the interplay between market conditions, capital expenditure, manufacturing flexibility, and production capacity to effectively analyze the consequences of manufacturing investments in both the short and the long terms. In order to achieve this, we developed an econometric model linking market conditions and operational decisions. We tested the model on a sample of 480 firms from the mining sector and 1053 firms from the oil and gas sector. The results show that firms in process industries follow the market with their investments, which impacts their operations in the short term as well as their capacity growth in the long term. Additionally, from our findings, we propose a firm value driver model that managers could consider when deciding on capital expenditures. Finally, our results indicate that the managers of financially healthy companies should resist the stock market's short-term pressure to reduce fixed costs and instead play the long game.

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Section: H2: Capex From Internally Generated Cash Flows Is Negativelymentioning

confidence: 99%

Manufacturing Management in Process Industries: The Impact of Market Conditions and Capital Expenditure on Firm Performance

Moser

Okwir

Seifert

2021

IEEE Trans. Eng. Manage.

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“…Thus, the development of flexible and adaptable systems for the recycling industry is a promising avenue for the improvement of material recovery and for the adoption of recycled material in high-quality and high-value applications [2,3]. The concepts of flexibility, re-configurability and adaptability have already been widely investigated in the scope of manufacturing systems [4][5][6][7], but they have been poorly addressed until now in the de-manufacturing area. Grounding on a solid knowledge base derived from manufacturing industry and getting inspiration from changeability enablers adopted in manufacturing processes, research activities should aim at the development of innovative technologies for supporting the transition towards smarter de-and re-manufacturing systems characterized by: (i) high adaptability to different waste to be treated and to changing market conditions, (ii) high automation level, (iii) availability and traceability of information, and (iv) intelligent decision algorithms based on data analytics and cyber-physical systems.…”

Section: Materials Recovery or End-refining By Means Of Chemical And Tmentioning

confidence: 99%

Highly Evolvable E-waste Recycling Technologies and Systems

Copani

Picone

Colledani

et al. 2019

Factories of the Future

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Materials recycling is a key process to close the loop of materials in the direction of circular economy. However, the variability of waste and the high volatility of the price of recovered materials are posing serious challenges to the current rigid design of mechanical recycling systems. This is particularly true for Waste Electric and Electronic Equipment (WEEE), whose volume is growing more than other waste streams in Europe due to the diffusion of electronic products and to their short technology cycles. This study is aimed at the development of new flexible recycling systems through the implementation of a Hyper Spectral Imaging system and a simulation model enabling the real-time characterisation of shredded particles and the dynamic optimisation of process parameters for efficient sorting. A hardware and software prototype was realised and tested at the De-and Re-manufacturing pilot plant of CNR-STIIMA. The positive economic impact of flexible recycling systems enabled by new technologies was assessed through scenario analysis.

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“…The impact of this change in industry is reflected by the need to have systems that can be able to adapt to the production changes, to be flexible (Bordoloi, Cooper, and Matsuo 1999), (Terkaj, Tolio, and Valente 2009) and robust in order to meet the diversity, the productivity (Rawat, Gupta, and Juneja 2018), the quality, the optimization of operating costs and, finally, the reduction of failures risks requests.…”

Section: Introductionmentioning

confidence: 99%

Two Cases of Study for Control Reconfiguration of Discrete Event Systems (DES)

Tahiri

Carré-Ménétrier

Tajer

2019

Proceedings of the 16th International Conference on Informatics in Control, Automation and Robotics

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In this paper, we propose two cases of study for control reconfiguration of Discrete Event Systems. The main contributions are based on a safe centralized and distributed control synthesis founded on timed properties. In fact, if a sensor fault is detected, the controller of the normal behavior is reconfigured to a timed controller where the timed information replaces the information lost on the faulty sensor. Finally, we apply our contribution to a manufacturing system to illustrate our results and compare between the two frameworks.

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A Review on Manufacturing Flexibility

Cited by 226 publications

References 40 publications

Manufacturing Management in Process Industries: The Impact of Market Conditions and Capital Expenditure on Firm Performance

Manufacturing Management in Process Industries: The Impact of Market Conditions and Capital Expenditure on Firm Performance

Highly Evolvable E-waste Recycling Technologies and Systems

Two Cases of Study for Control Reconfiguration of Discrete Event Systems (DES)

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