Article ID: | iaor2000848 |
Country: | Netherlands |
Volume: | 112 |
Issue: | 1 |
Start Page Number: | 98 |
End Page Number: | 106 |
Publication Date: | Jan 1999 |
Journal: | European Journal of Operational Research |
Authors: | Schneider H., Schneeweiss Ch. |
Keywords: | decision theory: multiple criteria |
This paper designs and measures flexibility as the availability of a dynamic system in an uncertain environment. After a brief discussion of the literature, flexibility is defined essentially as the service degree of a system's dynamic technology. As a further step, this measure is extended to incorporate a system's planning, forecasting, and implementation ability. To obtain a deeper insight into the complex nature of the measure the design of flexibility is discussed within the framework of hierarchical planning.