Download or read book Economic Analysis of Product flexible Manufacturing System Investment Decisions written by Charles H. Fine and published by . This book was released on 1986 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 An Economic Analysis of Flexible Automation in Batch Manufacturing with Emphasis on Fabrication written by Joel W. Troxler and published by . This book was released on 1987 with total page 272 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 Justification Methods for Computer Integrated Manufacturing Systems written by H. R. Parsaei and published by Elsevier Publishing Company. This book was released on 1990 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced automated manufacturing technology systems are perceived by many manufacturers to be the latest alternative to meet today's global market needs. Higher productivity, better quality, and flexibility are just a few examples of the numerous benefits which can be achieved by implementing modern computer controlled manufacturing systems. Many firms perceive Computer Integrated Manufacturing (CIM) as one of the most promising paths to achieve manufacturing excellence. A CIM project can not be successfully implemented unless it is supported by long-term strategic planning and economic analysis of the required capital investment decisions. This book treats planning as the first step in the justification process. Papers explore both strategic planning for computer integrated manufacturing (CIM), and more detailed issues such as part-tool grouping and machine loading. The critical issue of planning for communications between various levels of computation and devices on the floor is reviewed. Capacity planning, and planning for assembly and quality control are also covered. The important role of champions in justification is explored.

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 194 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 Dynamics of Data Envelopment Analysis written by Jati Sengupta and published by Springer Science & Business Media. This book was released on 1995-07-31 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Data envelopment analysis develops a set of nonparametric and semiparametric techniques for measuring economic efficiency among firms and nonprofit organizations. Over the past decade this technique has found most widespread applications in public sector organizations. However these applications have been mostly static. This monograph extends this static framework of efficiency analysis in several new directions. These include but are not limited to the following: (1) a dynamic view of the production and cost frontier, where capital inputs are treated differently from the current inputs, (2) a direct role of the technological progress and regress, which is so often stressed in total factor productivity discussion in modem growth theory in economics, (3) stochastic efficiency in a dynamic setting, where reliability improvement competes with technical efficiency, (4) flexible manufacturing systems, where flexibility of the production process and the economies of scope play an important role in efficiency analysis and (5) the role of economic factors such as externalities and input interdependences. Efficiency is viewed here in the framework of a general systems theory model. Such a view is intended to broaden the scope of applications of this promising new technique of data envelopment analysis. The monograph stresses the various applied aspects of the dynamic theory, so that it can be empirically implemented in different situations. As far as possible abstract mathematical treatments are avoided and emphasis placed on the statistical examples and empirical illustrations.

Download or read book Economic Analysis of Flexible Manufacturing Systems microform written by Mihkel M. Tombak and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1988 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Logistics of Production and Inventory written by S.C. Graves and published by Elsevier. This book was released on 1993-05-27 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook

Download or read book Proceedings of the Second ORSA TIMS Conference on Flexible Manufacturing Systems Operations Research Models and Applications Held at the University of Michigan Ann Arbor MI U S A August 12 15 1986 written by Kathryn E. Stecke and published by Elsevier Publishing Company. This book was released on 1986 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the growing numbers of people in industry, academia and government who are involved with Flexible Manufacturing Systems, these Proceedings present state-of-the art knowledge about FMSs including Flexible Assembly Systems (FASs).

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 Design of Flexible Production Systems written by Tullio Tolio and published by Springer. This book was released on 2010-10-19 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last decade, the production of mechanical components to be assembled in final products produced in high volumes (e.g. cars, mopeds, industrial vehicles, etc.) has undergone deep changes due to the overall modifications in the way companies compete. Companies must consider competitive factors such as short lead times, tight product tolerances, frequent market changes and cost reduction. Anyway, companies often have to define production objectives as trade-offs among these critical factors since it can be difficult to improve all of them. Even if system flexibility is often considered a fundamental requirement for firms, it is not always a desirable characteristic of a system because it requires relevant investment cost which can jeopardize the profitability of the firm. Dedicated systems are not able to adapt to changes of the product characteristics while flexible systems offer more flexibility than what is needed, thus increasing investment and operative costs. Production contexts characterized by mid to high demand volume of well identified families of products in continuous evolution do not require the highest level of flexibility; therefore, manufacturing system flexibility must be rationalized and it is necessary to find out the best trade-off between productivity and flexibility by designing manufacturing systems endowed with the right level of flexibility required by the production problem. This new class of production systems can be named Focused Flexibility Manufacturing Systems-FFMSs. The flexibility degree in FFMSs is related to their ability to cope with volume, mix and technological changes, and it must take into account both present and future changes. The required level of system flexibility impacts on the architecture of the system and the explicit design of flexibility often leads to hybrid systems, i.e. automated integrated systems in which parts can be processed by both general purpose and dedicated machines. This is a key issue of FFMSs and results from the matching of flexibility and productivity that respectively characterize FMSs and Dedicated Manufacturing Systems (DMSs). The market share of the EU in the machine tool sector is 44%; the introduction of focused flexibility would be particularly important for machine tool builders whose competitive advantage is based on the ability of customizing their systems on the basis of needs of their customers. In fact, even if current production contexts frequently present situations which would fit well with the FFMS approach, tradition and know-how of machine tool builders play a crucial role. Firms often agree with the focused flexibility vision, nevertheless they decide not to pay the risk and efforts related to the design of this new system architecture. This is due also to the lack of well-structured design approaches which can help machine tool builders to configure innovative systems. Therefore, the FFMS topic is studied through the book chapters following a shared mission: "To define methodologies and tools to design production systems with a minimum level of flexibility needed to face, during their lifecycle, the product and process evolution both in the technological and demand aspects. The goal is to find out the optimal trade-off between flexibility and productivity". The book framework follows the architecture which has been developed to address the FFMS Design problem. This architecture is both broad and detailed, since it pays attention to all the relevant levels in a firm hierarchy which are involved in the system design. Moreover, the architecture is innovative because it models both the point of view of the machine tool builder and the point of view of the system user. The architecture starts analyzing Manufacturing Strategy issues and generating the possible demand scenario to be faced. Technological aspects play a key role while solving process plan problems for the products in the part family. Strategic and technological data becomes input when a machine tool builder performs system configuration. The resulting system configurations are possible solutions that a system user considers when planning its system capacity. All the steps of the architecture are deeply studied, developing methods and tools to address each subproblem. Particular attention is paid to the methodologies adopted to face the different subproblems: mathematical programming, stochastic programming, simulation techniques and inverse kinematics have been used. The whole architecture provides a general approach to implement the right degree of flexibility and it allows to study how different aspects and decisions taken in a firm impact on each other. The work presented in the book is innovative because it gives links among different research fields, such as Manufacturing Strategy, Process Plan, System Design, Capacity Planning and Performance Evaluation; moreover, it helps to formalize and rationalize a critical area such as manufacturing system flexibility. The addressed problem is relevant at an academic level but, also, at an industrial level. A great deal of industrial sectors need to address the problem of designing systems with the right degree of flexibility; for instance, automotive, white goods, electrical and electronic goods industries, etc. Attention to industrial issues is confirmed by empirical studies and real case analyses which are presented within the book chapters.

Download or read book Irreversibility Uncertainty and Investment written by Robert S. Pindyck and published by World Bank Publications. This book was released on 1989 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.

Download or read book International Conference on Industrial Engineering and Management Science 2013 written by Dr. X. Chen, and published by DEStech Publications, Inc. This book was released on 2013-10-16 with total page 1399 pages. Available in PDF, EPUB and Kindle. Book excerpt: ICIEMS 2013 is to provide a platform for researchers, engineers, academicians as well as industrial professionals from all over the world to present their research results and development activities in Industrial Engineering and Management Science. This conference provides opportunities for the delegates to exchange new ideas and experiences face to face, to establish business or research relations and to find global partners for future collaboration.

Download or read book Additive Manufacturing Technologies and Applications written by Salvatore Brischetto and published by MDPI. This book was released on 2018-07-09 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a printed edition of the Special Issue "Additive Manufacturing Technologies and Applications" that was published in Technologies

Download or read book The Global Manufacturing Revolution written by Yoram Koren and published by John Wiley & Sons. This book was released on 2010-11-04 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concrete tools manufacturing enterprises need to thrive in today's global environment For a manufacturing enterprise to succeed in this current volatile economic environment, a revolution is needed in restructuring its three main components: product design, manufacturing, and business model. The Global Manufacturing Revolution is the first book to focus on these issues. Based on the author's long-standing course work at the University of Michigan, this unique volume proposes new technologies and new business strategies that can increase an enterprise's speed of responsiveness to volatile markets, as well as enhance the integration of its own engineering and business. Introduced here are innovations to the entire manufacturing culture: An original approach to the analysis of manufacturing paradigms Suggested methods for developing creativity in product design A quantitative analysis of manufacturing system configurations A new manufacturing "reconfigurable" paradigm, in which the speed of responsiveness is the prime business goal An original approach to using information technology for workforce empowerment The book also offers analysis and original models of previous manufacturing paradigms' technical and business dimensions—including mass production and mass customization—in order to fully explain the current revolution in global manufacturing enterprises. In addition, 200 original illustrations and pictures help to clarify the topics. Globalization is creating both opportunities and challenges for companies that manufacture durable goods. The tools, theories, and case studies in this volume will be invaluable to engineers pursuing leadership careers in the manufacturing industry, as well as to leaders of global enterprises and business students who are motivated to lead manufacturing enterprises and ensure their growth.

Download or read book The Management of Productivity and Technology in Manufacturing written by Paul R. Kleindorfer and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is concerned with the nature of new manufacturing technologies, such as CAD/CAM and robotics, as well as ap propriate methodologies for evaluating whether such technologies are financially and organizationally viable in particular contexts. The chapters included here were commissioned as papers for presen tation at The Wharton Conference on Productivity, Technology, and Organizational Innovation, which took place in Philadelphia on December 8 and 9 of 1983. The conference was sponsored by The University of Pennsylvania's Center for the Study of Organizational Innovation. There has been a surge of interest in the area of manufacturing over the past ten years as managers have come to realize that the operations function is critical to remaining competitive. New status has been given to factory and operations managers. New programs revitalizing manufacturing and distribution have been introduced in organizations. Corporate strategy is now explicitly considering operations and manufacturing functions. And the curricula of leading business schools are reflecting the rapidly advancing research on technology management and manufacturing operations. In spite of these important signs of progress, we are clearly just at the beginning of understanding the issues involved here. The present volume provides a state-of-the-art review of the realities of technology management and manufacturing strategy. As described in the Editor's Introduction, we address four topics: The Nature of New Manufacturing Technology, Innovation and Manufacturing Strategy, Productivity Management, and Technology Management and Organ ization. These issues are clearly very important themes for U.S.