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The optimal mix of flexible and dedicated manufacturing capacities: Hedging against demand uncertainty

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  • Gupta, Diwakar
  • Gerchak, Yigal
  • Buzacott, John A.

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  • 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.
    • Handle: RePEc:eee:proeco:v:28:y:1992:i:3:p:309-319
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    Citations

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    Cited by:

    1. Ebru K. Bish & Ana Muriel & Stephan Biller, 2005. "Managing Flexible Capacity in a Make-to-Order Environment," Management Science, INFORMS, vol. 51(2), pages 167-180, February.
    2. Wallace J. Hopp & Seyed M. R. Iravani & Wendy Lu Xu, 2010. "Vertical Flexibility in Supply Chains," Management Science, INFORMS, vol. 56(3), pages 495-502, March.
    3. Brian Tomlin & Yimin Wang, 2005. "On the Value of Mix Flexibility and Dual Sourcing in Unreliable Newsvendor Networks," Manufacturing & Service Operations Management, INFORMS, vol. 7(1), pages 37-57, June.
    4. Bo Liao & Candace Arai Yano & Shiva Esturi, 2017. "Optimizing Site Qualification Across the Supply Network at Western Digital," Interfaces, INFORMS, vol. 47(4), pages 305-319, August.
    5. Jiri Chod & Nils Rudi, 2005. "Resource Flexibility with Responsive Pricing," Operations Research, INFORMS, vol. 53(3), pages 532-548, June.
    6. Dipankar Bose & A. K. Chatterjee & Samir Barman, 2016. "Towards dominant flexibility configurations in strategic capacity planning under demand uncertainty," OPSEARCH, Springer;Operational Research Society of India, vol. 53(3), pages 604-619, September.
    7. 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.
    8. Brian Tomlin & Yimin Wang, 2008. "Pricing and Operational Recourse in Coproduction Systems," Management Science, INFORMS, vol. 54(3), pages 522-537, March.
    9. Verma, Nishant Kumar & Chatterjee, Ashish K., 2023. "Process flexibility in the presence of product modularity: Does modularity help?," International Journal of Production Economics, Elsevier, vol. 256(C).
    10. Chandra, Charu & Everson, Mark & Grabis, Janis, 2005. "Evaluation of enterprise-level benefits of manufacturing flexibility," Omega, Elsevier, vol. 33(1), pages 17-31, February.
    11. Achal Bassamboo & Ramandeep S. Randhawa & Jan A. Van Mieghem, 2010. "Optimal Flexibility Configurations in Newsvendor Networks: Going Beyond Chaining and Pairing," Management Science, INFORMS, vol. 56(8), pages 1285-1303, August.
    12. Diwakar Gupta & Yigal Gerchak, 2002. "Quantifying Operational Synergies in a Merger/Acquisition," Management Science, INFORMS, vol. 48(4), pages 517-533, April.
    13. Barad, M. & Hoang, K., 1995. "Cutting tools versus machine tools investments in FMS design," International Journal of Production Economics, Elsevier, vol. 42(1), pages 29-40, November.
    14. Stephen C. Graves & Brian T. Tomlin, 2003. "Process Flexibility in Supply Chains," Management Science, INFORMS, vol. 49(7), pages 907-919, July.
    15. Porteus, Evan L. & Angelus, Alexandar & Wood, Samuel C., 2000. "Optimal Sizing and Timing of Modular Capacity Expansions," Research Papers 1479r2, Stanford University, Graduate School of Business.
    16. J. Prince Vijai, 2021. "Production network, technology choice, capacity investment and inventory sourcing decisions: operational hedging under demand uncertainty," OPSEARCH, Springer;Operational Research Society of India, vol. 58(4), pages 1164-1191, December.
    17. 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.
    18. Poretus, Evan L. & Angelus, Alexander, 2000. "Simultaneous Production and Capacity Management under Stochastic Demand for Perishable Goods," Research Papers 1419r, Stanford University, Graduate School of Business.
    19. Yangyang Peng & Xiaolin Xu & Xue Liang & Weili Xue, 2020. "Mismatch risk allocation in a coproduct supply chain," Annals of Operations Research, Springer, vol. 291(1), pages 707-730, August.

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