Economic and strategic perspectives on investing in RMS and FMS

The evolution of manufacturing systems, according to changing internal and external conditions, requires design and assessment techniques that consider both strategic and financial criteria to evaluate the suitability of the Flexible and Reconfigurable system solutions in addressing these variations. In this paper, a fuzzy multi-objective mixed integer optimization model to evaluate RMS investments used in a multiple product demand environment is presented. The model incorporates in-house production and outsourcing options, machine acquisition and disposal costs, operational costs, and re-configuration cost and duration for the utilized modular machines. The resulting system configurations are optimized for lifecycle costs, responsiveness performance, and system structural complexity simultaneously.