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Production Engineering
Erschienen in: Production Engineering 4/2008

01.12.2008 | Production Management

Valuation of changeable production systems

verfasst von: J. Milberg, N. Möller

Erschienen in: Production Engineering | Ausgabe 4/2008

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Abstract

The introduction of changeable production systems increases the adaptability of factories in an uncertain environment. This paper analyzes the valuation of the economic efficiency of such systems using the real options theory. The developed approach proposes a structured valuation process for selecting options related to production engineering and factory planning. Based on a classification of possible modifications of a production system, options profiles are derived. Considering the existing uncertainty of a company’s environment these profiles may be utilized to identify real options which ought to be included when valuating a technical production system design.
Vorheriger Artikel Material adapted tool design in cold forging exemplified by powder metallurgical tool steels and industrial ceramics
Nächster Artikel Proactive supply chain management in the forging industry

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Metadaten
Titel
Valuation of changeable production systems
verfasst von
J. Milberg
N. Möller
Publikationsdatum
01.12.2008
Verlag
Springer-Verlag
Erschienen in
Production Engineering / Ausgabe 4/2008
Print ISSN: 0944-6524
Elektronische ISSN: 1863-7353
DOI
https://doi.org/10.1007/s11740-008-0133-1

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