2017
DOI: 10.1016/j.procir.2017.02.039
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A Simulation-based Framework for the Economic evaluation of Flexible Manufacturing Systems

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Cited by 12 publications
(2 citation statements)
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“…A study attempts to illustrate the reduction of the manufacturing conversion cost by prioritizing and analyzing the cost factors and assessment method, resulting in cost saving, cleaner production, and more sustainable manufacturing processes [45]. Considering importance of economic assessment in flexible manufacturing systems to allow the creation of an optimized level of flexibility, a simulation-based framework for an assessment methodology was studied to promote target-oriented optimization and cost saving more effectively [46]. An assessment approach for energy centric selection of machining conditions based on minimum cost is proposed to investigate the sustainability and energy efficiency of their manufacturing processes [47].…”
Section: Literature Reviewmentioning
confidence: 99%
“…A study attempts to illustrate the reduction of the manufacturing conversion cost by prioritizing and analyzing the cost factors and assessment method, resulting in cost saving, cleaner production, and more sustainable manufacturing processes [45]. Considering importance of economic assessment in flexible manufacturing systems to allow the creation of an optimized level of flexibility, a simulation-based framework for an assessment methodology was studied to promote target-oriented optimization and cost saving more effectively [46]. An assessment approach for energy centric selection of machining conditions based on minimum cost is proposed to investigate the sustainability and energy efficiency of their manufacturing processes [47].…”
Section: Literature Reviewmentioning
confidence: 99%
“…Therefore, using such systems has economic justi cation when utilized with maximum e ciency and minimum waste. Generally, production planning is an optimal determination of the type, number, sequence, and production time of products; resources and production commitments are required to reduce production costs [2,3].…”
Section: Introductionmentioning
confidence: 99%