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Inclusion of flexibility benefits in discounted cash flow analyses for investment evaluation: A simulation/optimization model

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  • Ramasesh, Ranga V.
  • Jayakumar, Maliyakal D.

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  • Ramasesh, Ranga V. & Jayakumar, Maliyakal D., 1997. "Inclusion of flexibility benefits in discounted cash flow analyses for investment evaluation: A simulation/optimization model," European Journal of Operational Research, Elsevier, vol. 102(1), pages 124-141, October.
    • Handle: RePEc:eee:ejores:v:102:y:1997:i:1:p:124-141
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    References listed on IDEAS

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    1. Miltenburg, G. J., 1987. "Economic evaluation and analysis of flexible manufacturing systems," Engineering Costs and Production Economics, Elsevier, vol. 12(1-4), pages 79-92, July.
    2. Charles H. Fine & Robert M. Freund, 1990. "Optimal Investment in Product-Flexible Manufacturing Capacity," Management Science, INFORMS, vol. 36(4), pages 449-466, April.
    3. George E. Monahan & Timothy L. Smunt, 1989. "Optimal Acquisition of Automated Flexible Manufacturing Processes," Operations Research, INFORMS, vol. 37(2), pages 288-300, April.
    4. Gupta, Diwakar & Gerchak, Yigal & Buzacott, John A., 1992. "The optimal mix of flexible and dedicated manufacturing capacities: Hedging against demand uncertainty," International Journal of Production Economics, Elsevier, vol. 28(3), pages 309-319, December.
    5. George E. Monahan & Timothy L. Smunt, 1987. "A Multilevel Decision Support System for the Financial Justification of Automated Flexible Manufacturing Systems," Interfaces, INFORMS, vol. 17(6), pages 29-40, December.
    6. Sinha, Diptendu & Wei, Jerry C., 1992. "Stochastic analysis of flexible process choices," European Journal of Operational Research, Elsevier, vol. 60(2), pages 183-199, July.
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    Cited by:

    1. Doerr, Kenneth H. & Gates, William R. & Mutty, John E., 2006. "A hybrid approach to the valuation of RFID/MEMS technology applied to ordnance inventory," International Journal of Production Economics, Elsevier, vol. 103(2), pages 726-741, October.
    2. Jorgensen, Trond & Wallace, Stein W., 2000. "Improving project cost estimation by taking into account managerial flexibility," European Journal of Operational Research, Elsevier, vol. 127(2), pages 239-251, December.
    3. Sagi Akron & Roy Gelbard, 2020. "Software code flexibility profitability in light of technology life cycle," Operational Research, Springer, vol. 20(2), pages 723-746, June.
    4. Elena Katok & William Tarantino & Terry P. Harrison, 2003. "Investment in production resource flexibility: An empirical investigation of methods for planning under uncertainty," Naval Research Logistics (NRL), John Wiley & Sons, vol. 50(2), pages 105-129, March.
    5. Mostafaei, Kamran & maleki, Shaho & Zamani Ahmad Mahmoudi, Mohammad & Knez, Dariusz, 2022. "Risk management prediction of mining and industrial projects by support vector machine," Resources Policy, Elsevier, vol. 78(C).

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