Techno-economic method for evaluation and selection of flexible manufacturing systems (FMS)

Abstract

To find best FMS solutions, experts use numerous multicriteria methods for evaluation and ranking, methods based on artificial intelligence, and multicriteria optimization methods. Presented in this paper is a developed technoeconomic method for evaluation and selection of FMS based on productivity. The method is based on group technology (GT) process planning.

Keywords

• techno-economic method
• flexible manufacturing systems
• productivity
• group technology