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W. Sihn, M. Pfeffer:
"A method for a comprehensive value stream evaluation";
CIRP Annals-Manufacturing Technology, 62 (2013), 1; S. 427 - 430.

The optimization of value streams in manufacture will always present alternative solutions to planners as
a result of the interdependencies between all the optimization parameters. In the search for an ideal value
stream in terms of cost and benefit, relevant monetary and non-monetary parameters have to be
considered. The method introduced describes a mathematical calculation bringing different parameters
of a value stream into one equation. After a normalization step, and a systematic prioritization of the
parameters, a value is calculated for each alternative solution. This value allows planners to compare
alternatives and to find the best-case solution with the current state process.

Optimization, Reconfiguration, Value stream mapping

http://publik.tuwien.ac.at/files/PubDat_221259.pdf