A method for comparing flexibility performance for the lifecycle of manufacturing systems under capacity planning constraints

The objective of this work is to describe a method for comparing the flexibility performance of manufacturing systems, in an uncertain environment, under lifecycle considerations and capacity planning constraints. The manufacturing systems costs are estimated over a time horizon and for a large variety of possible market scenarios. In order for the lifecycle cost values to be comparable among different systems, their values are calculated with the use of a special purpose algorithm. Statistical analysis of the estimated cost values is then employed for assessing the flexibility of each manufacturing system. The method is applied in an industrial case for checking, also from a flexibility point of view, the investment on a production system, using real life industrial data.