6533b872fe1ef96bd12d416b
RESEARCH PRODUCT
PRODUCTION FLEXIBILITY AND ADAPTING TO MARKET CHANGES
Lucian-ionel CiocaAdrian CiocaLaurean Bogdansubject
Factor marketFlexibility (engineering)Market economySustainabilityProduction (economics)General MedicineBusinessInvestment (macroeconomics)Adaptation (computer science)Emerging marketsIndustrial organizationEconomies of scaledescription
Abstract This paper describes those situations when a company, an organization, in its search for minimum costs, including those involved by investment, and production flexibility, manages to adapt to those changes that ensure survival on the market. Economies of scale are an attraction for any firm and thus globalized, huge firms emerge, conquering continuously developing markets. However, smaller firms face market changes that are usually dangerous in terms of sustainability. The paper highlights those market components that provide information on adapting production through flexibility.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2007-09-01 | IFAC Proceedings Volumes |