Application of outranking methods to economic and financial justificaton of CIM systems

Hamid Parsaei, Mickey R. Wilhelm, Sai S. Kolli

Research output: Contribution to journalArticle

18 Citations (Scopus)

Abstract

Traditional economic evaluation methods concentrate on maximizing or minimizing a single objective such as net present value and pay back period. In the last decade, there has been an increased awareness of the need to consider multiple attributes in the evaluation of advanced manufacturing systems. Various methods have recently been developed for the evaluation of CIM systems. This paper discusses multiattribute methods for justification of CIM systems and outranking methods including ELECTRE, ORESTE, and PROMETHEE.

Original languageEnglish
Pages (from-to)357-360
Number of pages4
JournalComputers and Industrial Engineering
Volume25
Issue number1-4
DOIs
Publication statusPublished - 1993
Externally publishedYes

Fingerprint

Outranking Methods
Economics
Net Present Value
Evaluation
Evaluation Method
Justification
Attribute

ASJC Scopus subject areas

  • Information Systems and Management
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering
  • Applied Mathematics

Cite this

Application of outranking methods to economic and financial justificaton of CIM systems. / Parsaei, Hamid; Wilhelm, Mickey R.; Kolli, Sai S.

In: Computers and Industrial Engineering, Vol. 25, No. 1-4, 1993, p. 357-360.

Research output: Contribution to journalArticle

@article{4800c6e24c594f21a175775879bbe4bb,
title = "Application of outranking methods to economic and financial justificaton of CIM systems",
abstract = "Traditional economic evaluation methods concentrate on maximizing or minimizing a single objective such as net present value and pay back period. In the last decade, there has been an increased awareness of the need to consider multiple attributes in the evaluation of advanced manufacturing systems. Various methods have recently been developed for the evaluation of CIM systems. This paper discusses multiattribute methods for justification of CIM systems and outranking methods including ELECTRE, ORESTE, and PROMETHEE.",
author = "Hamid Parsaei and Wilhelm, {Mickey R.} and Kolli, {Sai S.}",
year = "1993",
doi = "10.1016/0360-8352(93)90295-9",
language = "English",
volume = "25",
pages = "357--360",
journal = "Computers and Industrial Engineering",
issn = "0360-8352",
publisher = "Elsevier Limited",
number = "1-4",

}

TY - JOUR

T1 - Application of outranking methods to economic and financial justificaton of CIM systems

AU - Parsaei, Hamid

AU - Wilhelm, Mickey R.

AU - Kolli, Sai S.

PY - 1993

Y1 - 1993

N2 - Traditional economic evaluation methods concentrate on maximizing or minimizing a single objective such as net present value and pay back period. In the last decade, there has been an increased awareness of the need to consider multiple attributes in the evaluation of advanced manufacturing systems. Various methods have recently been developed for the evaluation of CIM systems. This paper discusses multiattribute methods for justification of CIM systems and outranking methods including ELECTRE, ORESTE, and PROMETHEE.

AB - Traditional economic evaluation methods concentrate on maximizing or minimizing a single objective such as net present value and pay back period. In the last decade, there has been an increased awareness of the need to consider multiple attributes in the evaluation of advanced manufacturing systems. Various methods have recently been developed for the evaluation of CIM systems. This paper discusses multiattribute methods for justification of CIM systems and outranking methods including ELECTRE, ORESTE, and PROMETHEE.

UR - http://www.scopus.com/inward/record.url?scp=0001578733&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0001578733&partnerID=8YFLogxK

U2 - 10.1016/0360-8352(93)90295-9

DO - 10.1016/0360-8352(93)90295-9

M3 - Article

AN - SCOPUS:0001578733

VL - 25

SP - 357

EP - 360

JO - Computers and Industrial Engineering

JF - Computers and Industrial Engineering

SN - 0360-8352

IS - 1-4

ER -