Mix flexibility can be measured by the number of components handled by the equipment . . .
Where this figure is heavily influenced by short term fluctuations in market demand an average over a given time period can be used. However, the range of component characteristics handled is probably a more sophisticated measure of mix flexibility. A manufacturing process may handle a small number of different components but they may be very different from each other. Another measure to consider is the ratio of the number of components processed by the equipment to the total number processed by the factory.