V. Lotfi, IMPLEMENTING FLEXIBLE AUTOMATION - A MULTIPLE CRITERIA DECISION-MAKING APPROACH, International journal of production economics, 38(2-3), 1995, pp. 255-268
This paper presents a multiple objective mixed integer linear programm
ing model for the multiperiod flexible automation selection problem. T
he model includes five objectives, designed to address financial aspec
ts, flexibility, firm disruption, and group homogeneity of new modules
. The proposed model incorporates several types of flexibility. An int
eractive multiple criteria solution procedure is used to obtain an app
roximate optimal solution, based on a decision maker's implicit and un
known value function. The solution provides schedule for replacement o
f current machines, implementation of new modules, and production plan
s capitalizing on flexibility during transition and subsequent periods
. A numerical example is provided to illustrate the approach. The opti
mal solution is then contrasted with that of a single-objective model.