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The Executive Management at the Flexible Car Manufacturing Company is evaluating constructing a new automobile plant with a very highly automated assembly line in a
The Executive Management at the Flexible Car Manufacturing Company is evaluating constructing a new automobile plant with a very highly automated assembly line in a new factory. There is significant cost for the land, the building, and highly specialized, and expensive equipment. The plant layout and interaction of the new equipment is critical to the success of this investment. What is the best method to evaluate the forecasted demand, the interaction of the various production equipment, labor, raw and WIP materials, and other input variables to satisfy the various finished goods demand changes expected from this production facility?
Linear Programing
Exponential Forecasting
Weighted Moving Average Modeling
Simulation Modeling
Causal Relationship Modeling
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