TY - GEN
T1 - Methods and Models to Evaluate the Investment of Reconfigurable Manufacturing Systems
T2 - 8th Changeable, Agile, Reconfigurable and Virtual Production Conference, CARV 2021 and 10th World Mass Customization and Personalization Conference, MCPC 2021
AU - Kjeldgaard, Stefan
AU - Andersen, Ann-Louise
AU - Brunø, Thomas Ditlev
AU - Nielsen, Kjeld
PY - 2022
Y1 - 2022
N2 - Reconfigurable Manufacturing Systems (RMS) have been proposed as a means to accommodate today’s dynamic requirements in a rapid and cost-efficient way. However, the industrial transition towards RMS is limited as it is perceived to be uneconomic due to an increased initial investment, yet desirable for the ability to respond to uncertainty and co-evolve with life-time requirements. This ability makes economic evaluation of RMS concepts inherently complex, which is not supported by traditional approaches. Nevertheless, concept evaluation remains critical during development as the majority of the life-time cost is determined by initial design decisions. Therefore, the objective of this paper is to review state-of-the-art literature to provide an overview of methods and models to evaluate the investment of RMS. Papers were retrieved from a structured subject search and screening, then classified according to seven characteristics, and mapped in a decision tree to aid practitioners in the selection of suitable evaluation approaches. Based on the review, there is a lack of quantitative models for comparative investment evaluation which is validated in industry and consider network implications, uncertainty and life-time requirements. To mitigate this gap, aforementioned is proposed as viable directions for further research.
AB - Reconfigurable Manufacturing Systems (RMS) have been proposed as a means to accommodate today’s dynamic requirements in a rapid and cost-efficient way. However, the industrial transition towards RMS is limited as it is perceived to be uneconomic due to an increased initial investment, yet desirable for the ability to respond to uncertainty and co-evolve with life-time requirements. This ability makes economic evaluation of RMS concepts inherently complex, which is not supported by traditional approaches. Nevertheless, concept evaluation remains critical during development as the majority of the life-time cost is determined by initial design decisions. Therefore, the objective of this paper is to review state-of-the-art literature to provide an overview of methods and models to evaluate the investment of RMS. Papers were retrieved from a structured subject search and screening, then classified according to seven characteristics, and mapped in a decision tree to aid practitioners in the selection of suitable evaluation approaches. Based on the review, there is a lack of quantitative models for comparative investment evaluation which is validated in industry and consider network implications, uncertainty and life-time requirements. To mitigate this gap, aforementioned is proposed as viable directions for further research.
KW - Changeability
KW - Concept evaluation
KW - Financial justification
KW - Investment analysis
KW - Reconfigurability
UR - http://www.scopus.com/inward/record.url?scp=85119422103&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-90700-6_15
DO - 10.1007/978-3-030-90700-6_15
M3 - Article in proceeding
SN - 9783030906993
T3 - Lecture Notes in Mechanical Engineering
SP - 138
EP - 146
BT - Towards Sustainable Customization
A2 - Andersen, Ann-Louise
A2 - Andersen, Rasmus
A2 - Brunoe, Thomas Ditlev
A2 - Larsen, Maria Stoettrup Schioenning
A2 - Nielsen, Kjeld
A2 - Napoleone, Alessia
A2 - Kjeldgaard, Stefan
PB - Springer
Y2 - 1 November 2021 through 2 November 2021
ER -