"28120" . "[3B168EB3F94F]" . "Real options, flexible manufacturing systems, capital budgeting, production management"@en . . . . "978-3-901509-83-4" . "Flexible manufacturing system investments and real options"@en . "Annals of DAAAM for 2011 & Proceedings of the 22nd International DAAAM Symposium %22Intelligent Manufacturing & Automation: Power of Knowledge and Creativity%22" . . "DAAAM International Vienna" . "199933" . "In today\u00B4s dynamic and uncertain business environments it is necessary to have the ability to react to changes in market conditions. Companies have to learn how to operate effectively in a dynamic production environment it means to be able to respond on changes of product and process technologies. Flexible manufacturing systems have been considered to be essential for successful future of the company. The paper focuses on methodology for valuing flexibility of flexible manufacturing systems. An Illustrative example of the application of the real options methodology for switch operating modes is presented."@en . "2011-11-23+01:00"^^ . . . "RIV/70883521:28120/11:00000949!RIV12-MSM-28120___" . "1"^^ . . "Flexible manufacturing system investments and real options" . "V" . . . "1"^^ . "Kramn\u00E1, Eva" . "Vienna" . . "In today\u00B4s dynamic and uncertain business environments it is necessary to have the ability to react to changes in market conditions. Companies have to learn how to operate effectively in a dynamic production environment it means to be able to respond on changes of product and process technologies. Flexible manufacturing systems have been considered to be essential for successful future of the company. The paper focuses on methodology for valuing flexibility of flexible manufacturing systems. An Illustrative example of the application of the real options methodology for switch operating modes is presented." . . "Vienna" . "Flexible manufacturing system investments and real options" . . "2"^^ . . . "Flexible manufacturing system investments and real options"@en . "RIV/70883521:28120/11:00000949" . . . .