The decision to invest in advanced manufacturing technology is often made at the strategic level. The technique to be used to justify these decisions should have the ability to incorporate the non-quantifiable, intangible benefits associated with implementing these technologies. Among the methods introduced recently, the linear additive models have received considerable attention. This paper reviews a linear additive method which can be used to evaluate long-term and short-term automation manufacturing investment alternatives. The paper also concentrates on those cases in which some common characteristics of available alternatives are assumed to be independent.
ASJC Scopus subject areas
- Information Systems and Management
- Management Science and Operations Research
- Industrial and Manufacturing Engineering
- Applied Mathematics