Manufacturing industries -- United States -- Simulation methods
The current methods of economic justification are not suitable for identifying the benefits of automated manufacturing systems. This study is an introduction to Flexible Manufacturing Systems (FMS), its main features, and the economic benefits that can be expected. The models are designed to perform the following analyses: 1. Analysis of direct cost savings. 2. Analysis of the impact of incremental implementation on capital recovery costs. 3. Analysis of the cost effects of improving machine utilization and reducing manufacturing lead time. 4. Sensitivity analysis of the after-tax equivalent uniform annual cost of a FMS and a conventional system. The models are built to (1) utilize readily available data or output data from simulation studies, (2) provide reliable results, and (3) simplify reality to a small package of information that facilitates effective decision making. To explain the models and to analyze empirically the economic performance of an FMS, the models were fed with published, assumed, or generated data. The output of each analysis is summarized in tables, depicted in graphs, and specific conclusions are synthesized at the end of each model presentation.
If this is your thesis or dissertation, and want to learn how to access it or for more information about readership statistics, contact us at STARS@ucf.edu
Biegel, John E.
Master of Science (M.S.)
College of Engineering
Length of Campus-only Access
Masters Thesis (Open Access)
Salomon, Daniel P., "Models for Economic Evaluation of Flexible Manufacturing Systems" (1983). Retrospective Theses and Dissertations. 715.