Justifying Investment In Advanced Manufacturing Technology
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Justifying Investment In Advanced Manufacturing Technology
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Author : The Chartered Institute of Management Accountants the Institution of Production Engineers
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-11-21
Justifying Investment In Advanced Manufacturing Technology written by The Chartered Institute of Management Accountants the Institution of Production Engineers and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-21 with Science categories.
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.
Justifying Investment In Advanced Manufacturing Technology
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Author : The Chartered Institute of Management Accountants the Institution of Production Engineers
language : en
Publisher: Springer
Release Date : 1987-06-30
Justifying Investment In Advanced Manufacturing Technology written by The Chartered Institute of Management Accountants the Institution of Production Engineers and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-06-30 with Science categories.
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.
Justifying Investment In Advanced Manufacturing Technology
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Author :
language : en
Publisher:
Release Date : 1987
Justifying Investment In Advanced Manufacturing Technology written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Computer integrated manufacturing systems categories.
Economic And Financial Justification Of Advanced Manufacturing Technologies
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Author : Hamid R. Parsaei
language : en
Publisher: Elsevier
Release Date : 2013-10-22
Economic And Financial Justification Of Advanced Manufacturing Technologies written by Hamid R. Parsaei and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-22 with Technology & Engineering categories.
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.
Investment Decisions In Advanced Manufacturing Technology
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Author : Magdy G. Abdel-Kader
language : en
Publisher: Routledge
Release Date : 2018-12-20
Investment Decisions In Advanced Manufacturing Technology written by Magdy G. Abdel-Kader and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-20 with Social Science categories.
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.
Selection And Evaluation Of Advanced Manufacturing Technologies
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Author : Matthew J. Liberatore
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Selection And Evaluation Of Advanced Manufacturing Technologies written by Matthew J. Liberatore and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
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).
Investment Decisions In Advanced Manufacturing Technology
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Author : Magdy G. Abdel-Kader
language : en
Publisher:
Release Date : 1996
Investment Decisions In Advanced Manufacturing Technology written by Magdy G. Abdel-Kader and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with High technology industries categories.
Economics Of Advanced Manufacturing Systems
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Author : Hamid R. Parsaei
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Economics Of Advanced Manufacturing Systems written by Hamid R. Parsaei and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Technology & Engineering categories.
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.
Cim Justification And Optimisation
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Author : Sev V Nagalingam
language : en
Publisher: CRC Press
Release Date : 2020-11-25
Cim Justification And Optimisation written by Sev V Nagalingam and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-11-25 with Technology & Engineering categories.
This book provides a justification and optimisation model that is complete enough to capture the important features required for a complex decision-making environment for computer integrated manufacturing investment analysis. The model provides facilities to quantify qualitative attributes.
Exploring Advanced Manufacturing Technologies
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Author : Stephen F. Krar
language : en
Publisher: Industrial Press Inc.
Release Date : 2003
Exploring Advanced Manufacturing Technologies written by Stephen F. Krar and has been published by Industrial Press Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Reference categories.
Features 45 of the latest manufacturing technologies.