Download or read book Investment Decisions in Advanced Manufacturing Technology written by Magdy G. Abdel-Kader and published by Routledge. This book was released on 2018-12-20 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume was designed to lead to an operational model of Advanced Manufacturing Technology (AMT) decision making which incorporated the mathematics of fuzzy set theory. The rapid advancement of robotics, automated technologies and software such as CAD and CAM have made such studies paramount. Here, analyses of a questionnaire survey and field study of major UK manufacturing companies together provide a simulating portrayal of AMT investment decision making and have been expanded upon with a model using fuzzy set theory.
Download or read book Evaluating Investment Decisions in Advanced Manufacturing Systems written by Magdy Gamal Abdel-Kader and published by . This book was released on 1997 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic and Multiattribute Evaluation of Advanced Manufacturing Systems written by John R. Canada and published by Prentice Hall. This book was released on 1989 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Very Good,No Highlights or Markup,all pages are intact.
Download or read book Selection and Evaluation of Advanced Manufacturing Technologies written by Matthew J. Liberatore and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Matthew J. Liberatore Department of Management Villanova University Villanova, PA 19085 1. BACKGROUND The weakening competitive position of many segments of u.s. manufacturing has been analyzed, debated and discussed in corporate boardrooms, academic journals and the popular literature. One result has been a renewed commitment toward improving productivity and quality in the workplace. The drive to reduce manufacturing related costs, while meeting ever-changing customer needs, has led many firms to consider more automated and flexible manufacturing systems. The extent to which these new technologies can support business goals in productivity, quality and flexibility is an especially important issue for manufacturing firms in the u.s. and other Western nations. Problems have arisen in developing performance measures and evaluation criteria which reflect the full range of costs and benefits associated with these technologies. Some would argue that managerial policies and attitudes, and not the shortcomings of the equipment or manufacturing processes, are the major impediments to implementation (Kaplan 1984).
Download or read book Evaluating Investments in Advanced Manufacturing Technology written by Magdy G. Abdel-Kader and published by . This book was released on 2009 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, a model for the evaluation of investments in advanced manufacturing technology is developed. Many authors have called for an integration of financial and non-financial factors in such evaluations and this paper demonstrates that it is conceptually possible to do this using the mathematics of the analytic hierarchy process and fuzzy set theory. The development of the model has certain distinguishing features. First, it is based on a conceptual framework that combines the three dimensions of risk, financial return and non-financial factors. The empirical basis for this has been investigated and previously reported by the authors. Second, models previously developed and reported in the literature are shown to suffer from certain flaws relating to the use of linguistic scales, the ranking of fuzzy performance indicators and partiality in the treatment of investment decision variables. These issues are addressed through the development of simpler linguistic scales based on the analytic hierarchy, a revised procedure for ranking fuzzy numbers and an attempt to build a comprehensive model through the three dimensions described above. Triangular fuzzy numbers are used throughout in order to make the mathematics tractable and relatively easy to understand and to facilitate presentation of a worked example. However, so that the reader is not misled, attention is drawn to some of the complexities in fuzzy arithmetic, especially the important distinction between subtraction/division and deconvolution of fuzzy numbers.
Download or read book Investment Decision Making for Advanced Manufacturing Systems written by Niranjan Pati and published by . This book was released on 1990 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investment Analysis Methods written by Douglas S. Thomas and published by . This book was released on 2017 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This guide was assembled for those manufacturers that may not have the resources to maintain staff dedicated to evaluating potential investments. It is an overview of the primary methods used for evaluating investments in manufacturing technologies and is designed to minimize the amount of time and resources needed to understand them.
Download or read book Economics of Advanced Manufacturing Systems written by Hamid R. Parsaei and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1980s have witnessed a tremendous growth in the field of computer integrated manufacturing systems. The other major areas of development have been computer-aided design, computer-aided manufacturing, industrial robotics, automated assembly, cellular and modular material handling, computer networking and office automation to name just a few. These new technologies are generally capital intensive and do not conform to traditional cost structures. The net result is a tremendous change in the way costs should be estimated and economic analyses performed. The majority of existing engineering economy texts still profess application of traditional analysis methods. But, as was men tioned above, it is clear that the basic trend in manufacturing industries is itself changing. So it is quite obvious that the practice of traditional economic analysis methods should change too. This book is an attempt to address the various issues associated with non-traditional methods for evaluation of advanced computer-integrated technologies. This volume consists of twenty refereed articles which are grouped into five parts. Part one, Economic Justification Methods, consists of six articles. In the first paper, Soni et at. present a new classification for economic justification methods for advanced automated manufacturing systems. In the second, Henghold and LeClair look at strengths and weaknesses of expert systems in general and more specifically, an ap plication aimed at investment justification in advanced technology. The third paper, by Carrasco and Lee, proposes an enhanced economic methodology to improve the needs analysis, conceptual design and de tailed design activities associated with technology modernization.
Download or read book Investment Decisions in Advanced Manufacturing Technology written by Magdy G. Abdel-Kader and published by . This book was released on 1996 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic and Financial Justification of Advanced Manufacturing Technologies written by Hamid R. Parsaei and published by Elsevier. This book was released on 2013-10-22 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Competence in investment analysis is now a basic requirement for most practicing managers, engineers, and financial analysts in order to avoid possible serious mistakes arising from flawed or inadequate knowledge of the discipline. Furthermore, individuals who make decisions based on technical economics stake their professional futures, in many cases, on the accuracy of such evaluations. The aim of this volume is to provide a balanced view of the essential components of economic and financial analysis including: 1. Strategic and design issues; 2. Principles of cost management systems and activity-based costing, and; 3. Tools for developing the financial measures of investment worth, with advanced topics and case studies in these three areas.This volume provides a refreshing insight into the various methods that engineers, managers, and financial analysts may need to consider to find good alternatives for the investment of scarce resources. Not only are new ventures presented, but also improvements within existing facilities that include process modification, product design, equipment replacement, and plant expansion/contraction.
Download or read book Strategic Investment Planning with Technology Choice in Manufacturing Systems written by Shan Ling Li and published by Routledge. This book was released on 2018-07-27 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1994 this book examines problems related to investment planning, capacity additions, and choice of technology in dynamic manufacturing systems characterized by multiple products, dynamic demand growth, uncertainty in demand and availability of alternative technologies. A model-based methodology is developed that focuses on trade-offs between flexible and conventional technology. The research conducted for this book is directed to the development of tools to support investment decisions in production capacity over medium and long-term planning horizons.
Download or read book Justifying Investment in Advanced Manufacturing Technology written by The Chartered Institute of Management Accountants the Institution of Production Engineers and published by Springer Science & Business Media. This book was released on 2013-11-21 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards the end of 1983, the Advisory Council for Applied Research and Development (ACARD) published a report giving the findings of a working group which had been set up to study the factors which inhibited or supported the introduction of advanced manufacturing technology (AMT) in engineering manufacture. Prominent amongst their findings was that, up to that time, 'appraisal of investment in AMT on a short-term financial basis was not entirely adequate' and that 'the conventional approach to financial appraisal techniques, directed towards an early return on capital invested, may be inappropriate'. Today, over three years later, advanced manufacturing technology is more widely recognised and is providing a proven solution to survival and growth for manufacturers. However, many medium-and small-size companies are still finding great difficulty in the evaluation and justification of investment in this vital area. The Institution of Production Engineers therefore set up a special joint working party with The Chartered Institute of Management Accountants to follow up the ACARD report, with the objective of examining the whole area of the justification of investment in advanced manufacturing technology.
Download or read book Advanced Manufacturing Technology Investment Evaluation Guidelines written by and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Selection and Evaluation of Advanced Manufacturing Technologies written by Matthew J. Liberatore and published by Springer. This book was released on 1990-06-29 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Matthew J. Liberatore Department of Management Villanova University Villanova, PA 19085 1. BACKGROUND The weakening competitive position of many segments of u.s. manufacturing has been analyzed, debated and discussed in corporate boardrooms, academic journals and the popular literature. One result has been a renewed commitment toward improving productivity and quality in the workplace. The drive to reduce manufacturing related costs, while meeting ever-changing customer needs, has led many firms to consider more automated and flexible manufacturing systems. The extent to which these new technologies can support business goals in productivity, quality and flexibility is an especially important issue for manufacturing firms in the u.s. and other Western nations. Problems have arisen in developing performance measures and evaluation criteria which reflect the full range of costs and benefits associated with these technologies. Some would argue that managerial policies and attitudes, and not the shortcomings of the equipment or manufacturing processes, are the major impediments to implementation (Kaplan 1984).
Download or read book Design and Implementation of a Decision Support Framework for Evaluating Manufacturing Alternatives written by Budiman Saleh and published by . This book was released on 1999 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: To be competitive in domestic and international markets, manufacturing management is routinely faced with the decision to automate or replace existing production facilities with advanced manufacturing technologies. Installation of advanced manufacturing technologies requires high capital investment, and there is much evidence to suggest that automation for automation's sake has proven to be costly and ineffective for many organizations. What makes the justification task more challenging is the lack of decision tools and methodologies that incorporate the intangible benefits from such investments. This research develops a decision support framework for modeling the evaluation and selection of manufacturing system investments. A multi-attribute decision approach is used to capture the quantitative and qualitative aspects of the decision problem. Based on data collected from slected sample from industry, this research synthesized attributes typically considered important in selection of manufacturing alternatives and established their relative importance. The effectiveness of the decision framework was evaluated using a case study, representative of an industrial application. A computer implementation of the decision framework provides a simulation model for structuring alternatives and estimating performance measures (attributes). This is integrated with a multi-attribute evaluation model for comparison of alternatives. Unlike commercial simulation systems that requires user understanding of the simulation system or language, the system developed in this research uses a natural language interface enabling its use without the need to understand the underlying programming structure. This research has two implications, practically and academically. It can assist decision makers to better understand and apply the justification process and the system behavior under different manufacturing scenarios. Academically, it can be used also as an educational tool for students to understand the justification process, and its tradeoffs and complexities.
Download or read book Strategic Decision Making in Modern Manufacturing written by Harinder Singh Jagdev and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Decision Making in Modern Manufacturing introduces and explains the AMBIT (Advanced Manufacturing Business ImplemenTation) approach, which has been developed to bridge the gap between strategic management considerations and the operational effects of technology investment decisions on the manufacturing organisation, so that the likely impact of new manufacturing technology and/or programme implementations can be evaluated, anticipated and accurately predicted. The AMBIT approach focuses specifically on the non-financial aspects of such investment decisions and offers an approach that allows a manager, or more frequently a management team, to understand the impacts of a new technology or a new programme on the manufacturing organisation in terms of manufacturing performance.
Download or read book Justifying Investment in Advanced Manufacturing Technology written by The Chartered Institute of Management Accountants the Institution of Production Engineers and published by Springer. This book was released on 1987-06-30 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards the end of 1983, the Advisory Council for Applied Research and Development (ACARD) published a report giving the findings of a working group which had been set up to study the factors which inhibited or supported the introduction of advanced manufacturing technology (AMT) in engineering manufacture. Prominent amongst their findings was that, up to that time, 'appraisal of investment in AMT on a short-term financial basis was not entirely adequate' and that 'the conventional approach to financial appraisal techniques, directed towards an early return on capital invested, may be inappropriate'. Today, over three years later, advanced manufacturing technology is more widely recognised and is providing a proven solution to survival and growth for manufacturers. However, many medium-and small-size companies are still finding great difficulty in the evaluation and justification of investment in this vital area. The Institution of Production Engineers therefore set up a special joint working party with The Chartered Institute of Management Accountants to follow up the ACARD report, with the objective of examining the whole area of the justification of investment in advanced manufacturing technology.
