Flexibility has been especially thoroughly studied for manufacturing systems. For manufacturing science eleven different classes of flexibility have been identified [Browne, 1984], [Sethi and Sethi, 1990]:
These definitions yield under current conditions of the system and that no major setups are conducted or investments are made (except expansion flexibility). Many of the flexibility types are linked to each other; increasing one flexibility type also increases another. But in some cases tradeoffs between two flexibility types are needed.
Srivastava, Samir K and Bansal, Sahil, "Measuring and Comparing Volume Flexibility across Indian Firms", International Journal of Business Performance Management, 14(1), 2013, pp. 38-51. ↩