The strategic value of flexibility in sequential decision making

DOI10.1016/0377-2217(93)E0210-OMaRDI QIDQ1388907zbMATH OpenFDO

Authors Saifallah Benjaafar, Thomas Morin, Joseph J. Talavage

Publication date 1995

Published in European Journal of Operational Research (Search for Journal in Brave)

zbMATH Keywords

uncertaintysequential decision makingflexibilitymanufacturingmultiple objectivepart flow control

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Production models (90B30)

Recommendations

• Flexibility and decision making
• Measuring decision flexibility in production planning
• Flexibility in manufacturing and services: achievements, insights and challenges
• A note on preference for flexibility.
• Modelling, measurement and evaluation of sequencing flexibility in manufacturing systems

Cites work

• scientific article; zbMATH DE number 3228255 (Why is no real title available?)
• scientific article; zbMATH DE number 3062467 (Why is no real title available?)
• A Formal, Decision-Theoretic Approach to Flexibility and Robustness
• Decision Making and the Temporal Resolution of Uncertainty
• Flexibility and Uncertainty
• Models for performance evaluation of flexibility in manufacturing systems
• The Value of Information Given Decision Flexibility
• Uncertainty, Information, and Sequential Experiments

Cited in

(5)

• Flexibility and decision making
• A decision rule to minimize daily capital charges in forecasting value-at-risk
• Measuring and designing flexibility as a generalized service degree
• Measuring decision flexibility in production planning
• Endogenous sequencing of firm decisions

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