Abstract
ABSTRACT The introduction of microprocessors and computer controlled production tools into industry has given a new perspective to manufacturing processes both in the U.S. and abroad. Computer Aided Design, Computer Aided Manufacturing, Group Technology, and Computer Integrated Manufacturing, which is now called Computer Integrated Enterprise, are considered by many as viable tools which can reduce direct and indirect manufacturing costs, improve product quality and increase the variety of products offered. Although these technologies are considered to be highly beneficial, only a few companies in the U.S. have attempted to implement them. Shortcomings of traditional economic justification of capital expenditure methods have been often cited as one of the major barriers to adoption of advanced manufacturing technologies. This paper presents a classification model to categorize both traditional and non-traditional economic analysis methods for capital investment justification and presents numerical examples for some of these methods.
| Original language | English |
|---|---|
| Pages (from-to) | 165-187 |
| Number of pages | 23 |
| Journal | Manufacturing Research and Technology |
| Volume | 14 |
| Issue number | C |
| DOIs | |
| Publication status | Published - 1 Jan 1992 |
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ASJC Scopus subject areas
- Industrial and Manufacturing Engineering
Cite this
A classification scheme for traditional and non-traditional approaches to the economic justification of advanced automated manufacturing systems. / Kolli, Sai; Wilhelm, Mickey R.; Parsaei, Hamid; Liles, Donald H.
In: Manufacturing Research and Technology, Vol. 14, No. C, 01.01.1992, p. 165-187.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - A classification scheme for traditional and non-traditional approaches to the economic justification of advanced automated manufacturing systems
AU - Kolli, Sai
AU - Wilhelm, Mickey R.
AU - Parsaei, Hamid
AU - Liles, Donald H.
PY - 1992/1/1
Y1 - 1992/1/1
N2 - ABSTRACT The introduction of microprocessors and computer controlled production tools into industry has given a new perspective to manufacturing processes both in the U.S. and abroad. Computer Aided Design, Computer Aided Manufacturing, Group Technology, and Computer Integrated Manufacturing, which is now called Computer Integrated Enterprise, are considered by many as viable tools which can reduce direct and indirect manufacturing costs, improve product quality and increase the variety of products offered. Although these technologies are considered to be highly beneficial, only a few companies in the U.S. have attempted to implement them. Shortcomings of traditional economic justification of capital expenditure methods have been often cited as one of the major barriers to adoption of advanced manufacturing technologies. This paper presents a classification model to categorize both traditional and non-traditional economic analysis methods for capital investment justification and presents numerical examples for some of these methods.
AB - ABSTRACT The introduction of microprocessors and computer controlled production tools into industry has given a new perspective to manufacturing processes both in the U.S. and abroad. Computer Aided Design, Computer Aided Manufacturing, Group Technology, and Computer Integrated Manufacturing, which is now called Computer Integrated Enterprise, are considered by many as viable tools which can reduce direct and indirect manufacturing costs, improve product quality and increase the variety of products offered. Although these technologies are considered to be highly beneficial, only a few companies in the U.S. have attempted to implement them. Shortcomings of traditional economic justification of capital expenditure methods have been often cited as one of the major barriers to adoption of advanced manufacturing technologies. This paper presents a classification model to categorize both traditional and non-traditional economic analysis methods for capital investment justification and presents numerical examples for some of these methods.
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U2 - 10.1016/B978-0-444-89398-7.50015-X
DO - 10.1016/B978-0-444-89398-7.50015-X
M3 - Article
VL - 14
SP - 165
EP - 187
JO - Manufacturing Research and Technology
JF - Manufacturing Research and Technology
SN - 1572-4417
IS - C
ER -