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|Other Titles:||Impact of Manufacturing Flexibility on Production Performance and Production Costs: An Empirical Examination|
Routing flexibility;Production performance;Machine flexibility;Semiconductor Wafer fabrication industry
|Issue Date:||2016-05-31 16:30:19 (UTC+8)|
This study examines the impact of manufacturing flexibility on production quality, cycle time, equipment productivity and production costs within the context of semiconductor wafer fabrication facilities. To fill the gap in existing research, I attempt to study internal flexibility, rather than external flexibility (e.g., product flexibility, mix flexibility). Two types of internal flexibility are selected, which are machine flexibility and routing flexibility. Using six-month machine-level production data and lot-level data from one semiconductor wafer fabrication company, this study investigates the impact of manufacturing flexibility on production performance and production costs. Empirical results suggest that greater routing flexibility has a significant positive impact on quality and time performance. As for machine flexibility, it has a significant positive impact on equipment productivity, but has a significant negative impact on production quality. Moreover, I find support for the hypotheses that routing flexibility is negatively associated with production costs and that machine flexibility is helpful in improving cost performance. Besides, the two flexibility types not only directly impact production cost but also indirectly affect production cost through time performance. Furthermore, I also find a non-linear relation between manufacturing flexibility and equipment productivity, cycle time, and production cost. This implies that maximizing the level of manufacturing flexibility is not necessarily optimal for firms. Limiting the flexibility level may actually have the greatest benefit.
International Journal of Accounting Studies
|Appears in Collections:||[會計評論] 期刊論文|
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