Abstract
Investment in capacity expansion remains one of the most critical decisions for a manufacturing organisation with global production facilities. Multiple factors need to be considered making the decision process very complex. The purpose of this paper is to establish the state-of-the-art in multi-factor models for capacity expansion of manufacturing plants within a corporation. The research programme consisting of an extensive literature review and a structured assessment of the strengths and weaknesses of the current research is presented. The study found that there is a wealth of mathematical multi-factor models for evaluating capacity expansion decisions however no single contribution captures all the different facets of the problem.
Original language | English |
---|---|
Pages (from-to) | 607-621 |
Number of pages | 15 |
Journal | International Journal of Production Economics |
Volume | 106 |
Issue number | 2 |
DOIs | |
Publication status | Published - 1 Apr 2007 |
Externally published | Yes |
Keywords
- Capacity expansion
- Holistic models
- Manufacturing network
- Multiple factor
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering