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Most performance evaluation models in the operations management literature implicitly assume that tasks possess standardized completion criteria. However, in many systems, particularly service and professional work, judgment is frequently required to determine how much time to allocate to a...
Persistent link: https://www.econbiz.de/10009204146
Coproduction systems, in which multiple products are produced simultaneously in a single production run, are prevalent in many industries. Such systems typically produce a random quantity of vertically differentiated products. This product hierarchy enables the firm to fill demand for a...
Persistent link: https://www.econbiz.de/10009204275
purchase amount over a given period of time without specifying the exact time of purchase. Other than time flexibility, the … suppliers may offer "quantity flexibility" to the firm as well, i.e., purchase quantities could be within a prespecified … the exploitation of quantity flexibility in such contracts. Our discussion illustrates how time flexibility, quantity …
Persistent link: https://www.econbiz.de/10009204495
give more precise definition to the concept of criticality of an activity, and introduce the new concept of flexibility of …
Persistent link: https://www.econbiz.de/10009208687
an architecture that facilitates development process flexibility. We provide examples from our fieldwork to support this …
Persistent link: https://www.econbiz.de/10009209051
consistently perform near optimally. Using these heuristics, we perform experiments on the effect of operating flexibility on … project duration, where resource flexibility is measured by the number of resources available per activity, and the form of … flexibility on project duration. For instance, it is found that when the flexible capabilities of the resources are evenly …
Persistent link: https://www.econbiz.de/10009209061
Various models have been developed over the years to analyze the many facets of the flexibility of production and … operations systems. This paper proposes a general framework for the modeling and analysis of flexibility. The argument hinges … upon the distinction between flexibility---a property of the technology---and diversity---a property of the environment in …
Persistent link: https://www.econbiz.de/10009214385
be reduced to an equivalent substitution flexibility problem without those dedicated components. This significant …
Persistent link: https://www.econbiz.de/10009214489
flexibility. Contrary to the intuition also prevalent in the academic literature, we show that it can be advantageous to invest in …
Persistent link: https://www.econbiz.de/10009214631
Process flexibility, whereby a production facility can produce multiple products, is a critical design consideration in … multiproduct supply chains facing uncertain demand. The challenge is to determine a cost-effective flexibility configuration that … flexibility in multistage supply chains. We find two phenomena, stage-spanning bottlenecks and floating bottlenecks, neither of …
Persistent link: https://www.econbiz.de/10009218341