Economic And Financial Justification Of Advanced Manufacturing Technologies

Author : Hamid R. Parsaei
Publisher : Elsevier
ISBN 13 : 1483291359
Total Pages : 320 pages
Book Rating : 4.52/5 ( download)

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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.

Author : The Chartered Institute of Management Accountants the Institution of Production Engineers
Publisher : Springer Science & Business Media
ISBN 13 : 1475756267
Total Pages : 68 pages
Book Rating : 4.65/5 ( download)

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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.

Author : The Chartered Institute of Management Accountants the Institution of Production Engineers
Publisher : Springer
ISBN 13 : 9781850914648
Total Pages : 67 pages
Book Rating : 4.48/5 ( download)

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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.

Author : Hamid R. Parsaei
Publisher : Springer Science & Business Media
ISBN 13 : 1461534801
Total Pages : 374 pages
Book Rating : 4.08/5 ( download)

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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.

Author : Magdy G. Abdel-Kader
Publisher : Routledge
ISBN 13 : 0429826818
Total Pages : 368 pages
Book Rating : 4.18/5 ( download)

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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.

Author : Jerome P. Lavelle
Publisher : CRC Press
ISBN 13 : 9781560329152
Total Pages : 254 pages
Book Rating : 4.57/5 ( download)

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Download or read book Economic Evaluation of Advance Technologies written by Jerome P. Lavelle and published by CRC Press. This book was released on 2001-12-14 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text illuminates the contemporary issues and technologies related to the economic evaluation and justification of advanced technologies. Included are modern tools, as well as application-based cases that demonstrate the use of these tools. Students, researchers and decision makers will benefit from this useful resource.

Author : Peter Atrill
Publisher : Routledge
ISBN 13 : 042981450X
Total Pages : 319 pages
Book Rating : 4.01/5 ( download)

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Download or read book Issues in Accounting and Finance written by Peter Atrill and published by Routledge. This book was released on 2019-01-04 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1997, this volume and its contributors take stock of current issues in accounting and finance. Featuring specialists in business, accounting, finance along with Vice Chancellor John Bull, they examine areas including auditors’ decision-making, financial shocks, the European corporate capital structure, GPs, accounting education and professional journals.

Author : Magdy G. Abdel-Kader
Publisher : Routledge
ISBN 13 : 0429826826
Total Pages : 350 pages
Book Rating : 4.25/5 ( download)

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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 350 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.

Author : Matthew J. Liberatore
Publisher : Springer Science & Business Media
ISBN 13 : 3642956211
Total Pages : 332 pages
Book Rating : 4.18/5 ( download)

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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).

Author : I. Moustapha
Publisher : New Age International
ISBN 13 : 9788122413090
Total Pages : 312 pages
Book Rating : 4.99/5 ( download)

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Download or read book Concurrent Engineering In Product Design And Development written by I. Moustapha and published by New Age International. This book was released on 2006 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book Is Written By A Group Of International Experts On Concurrent Product And Process Design And Development. It Reflects Modern Trends And Approaches In Concurrent Engineering, With Particular Emphasis On Product Development Cycle. A Multi-Disciplinary Approach Is Adopted Throughout The Book. The Book Highlights Concurrent Engineering Organization; Enabling Tools And Techniques For Successful Concurrent Engineering; Manufacturing Strategy Decision Support Tools; Measure Of Manufacturing Performance For Concurrent Engineering; Economic Justification In A Concurrent Engineering Environment; Product Data Requirements In Concurrent Engineering. All These Features Make This Book An Extremely Valuable Reference Source For Practising Professionals And Engineering Students. A Number Of Prominent Scientists And Experts From Different Countries Have Jointly Worked To Compile The Chapters Of This Book Reflecting The Latest Developments And Modern Approaches To Concurrent Engineering.