Process conditions of a stand-alone machining centre for maximum contribution to profit per unit time

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Abstract

Most existing FMS performance measures assume the existence of some correlation between maximum profit and system performance. In this article the ‘contribution to profit per unit time’ is adopted as a direct measure of system performance. A simple system having one machining centre, for handling n different products is described, which operates under four different production environments. In each case, relationships are developed which enable the scheduler to implement a decision-making procedure that maximizes the contribution to profit per unit time.

Original languageEnglish
Pages (from-to)985-1004
Number of pages20
JournalInternational Journal of Production Research
Volume30
Issue number5
DOIs
StatePublished - 1 Jan 1992

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering

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