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Original Articles

Towards an integrated evaluation of flexible automation investments

Pages 1657-1672 | Received 01 Oct 1989, Published online: 30 Mar 2007
 

SUMMARY

This paper presents a decision-support-system (DSS) structure for flexible automation investments. It takes into account: (1) a comprehensive investment context for multimachine systems; (2) developments in modelling flexibility in economic evaluation; and (3) an integrated physical/financial design and evaluation, for capitalizing on recent developments in DSS technologies and automated decision/risk-analysis tools.

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