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Original Articles

Financial, economic and strategic issues concerning the decision to invest in advanced automation

Pages 949-968 | Received 01 Nov 1983, Published online: 30 Mar 2007

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Liam Evans, Niels Lohse, Kim Hua Tan, Phil Webb & Mark Summers. (2012) Justification for the selection of manufacturing technologies: a fuzzy-decision-tree-based approach. International Journal of Production Research 50:23, pages 6945-6962.
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Z Irani & P E D Love. (2002) Developing a frame of reference for ex-ante IT/IS investment evaluation. European Journal of Information Systems 11:1, pages 74-82.
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GYUTAJ KIM, CHANS. PARK & MARKJ. KAISER. (1997) PRICING INVESTMENT AND PRODUCTION ACTIVITIES FOR AN ADVANCED MANUFACTURING SYSTEM. The Engineering Economist 42:4, pages 303-324.
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V. KUMAR, S. A. MURPHY & S. C. K. LOO. (1996) An investment decision process: the case of advanced manufacturing technologies in Canadian manufacturing firms. International Journal of Production Research 34:4, pages 947-958.
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FRANK LEFLEY. (1996) STRATEGIC METHODOLOGIES OF INVESTMENT APPRAISAL OF AMT PROJECTS: A REVIEW AND SYNTHESIS. The Engineering Economist 41:4, pages 345-363.
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BIJAYANANDA NAIK & AMIYAK. CHAKRAVARTY. (1992) Strategic acquisition of new manufacturing technology: a review and research framework. International Journal of Production Research 30:7, pages 1575-1601.
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YOUNGK. SON. (1992) A Comprehensive Bibliography on Justification of Advanced Manufacturing Technologies. The Engineering Economist 38:1, pages 59-71.
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YOUNGK. SON. (1991) A framework for modern manufacturing economics. International Journal of Production Research 29:12, pages 2483-2499.
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I. KRINSKY & J. MILTENBURG. (1991) Alternate method for the justification of advanced manufacturing technologies. International Journal of Production Research 29:5, pages 997-1015.
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JONATHANF. BARD & THOMASA. FEO. (1991) An Algorithm for the Manufacturing Equipment Selection Problem. IIE Transactions 23:1, pages 83-92.
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YOUNGK. SON. (1991) A cost estimation model for advanced manufacturing systems. International Journal of Production Research 29:3, pages 441-452.
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ThomasO. Boucher & ElinL. MacStravic. (1991) Multiattribute Evaluation within a Present Value Framework and its Relation to the Analytic Hierarchy Process. The Engineering Economist 37:1, pages 1-32.
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JONATHANF. BARD$suffix/text()$suffix/text(). (1988) A Heuristic for Minimizing the Number of Tool Switches on a Flexible Machine. IIE Transactions 20:4, pages 382-391.
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ChanS. Park & YoungK. Son. (1988) An Economic Evaluation Model for Advanced Manufacturing Systems. The Engineering Economist 34:1, pages 1-26.
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G. John Miltenburg & Itzhak Krinsky. (1987) Evaluating Flexible Manufacturing Systems. IIE Transactions 19:2, pages 222-233.
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Hamed Fazlollahtabar & Mohammad Saidi-Mehrabad. 2019. Cost Engineering and Pricing in Autonomous Manufacturing Systems. Cost Engineering and Pricing in Autonomous Manufacturing Systems 137 155 .
Shian-Jong Chuu. (2009) Selecting the advanced manufacturing technology using fuzzy multiple attributes group decision making with multiple fuzzy information. Computers & Industrial Engineering 57:3, pages 1033-1042.
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A. Gunasekaran, Peter E.D. Love, F. Rahimi & R. Miele. (2001) A model for investment justification in information technology projects. International Journal of Information Management 21:5, pages 349-364.
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E. Ertugrul Karsak & Ethem Tolga. (2001) Fuzzy multi-criteria decision-making procedure for evaluating advanced manufacturing system investments. International Journal of Production Economics 69:1, pages 49-64.
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W. SCOTT DUNBAR, SEAN DESSUREAULT & MALCOLM SCOBLE. (1999) ANALYSIS OF FLEXIBLE MINING SYSTEMS. Mineral Resources Engineering 08:02, pages 165-179.
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Kun-Jen Chung & Ching-Shih Tsou. (1998) Analysis and algorithm for the optimal investment times of new manufacturing technologies in a duopoly. European Journal of Operational Research 109:3, pages 632-645.
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Diane M. Lander & George E. Pinches. (1998) Challenges to the practical implementation of modeling and valuing real options. The Quarterly Review of Economics and Finance 38:3, pages 537-567.
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E.Sarah Slaughter. (1997) Characteristics of existing construction automation and robotics technologies. Automation in Construction 6:2, pages 109-120.
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Suleiman K. Kassicieh, H. V. Ravinder & Steven A. Yourstone. 1996. Manufacturing Decision Support Systems. Manufacturing Decision Support Systems 20 39 .
Martin Putterill, William Maguire & Amrik S. Sohal. (1996) Advanced manufacturing technology investment: criteria for organizational choice and appraisal. Integrated Manufacturing Systems 7:5, pages 12-24.
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Heungsoon Felix Lee & Kathryn E. Stecke. (1996) An integrated design support method for flexible assembly systems. Journal of Manufacturing Systems 15:1, pages 13-32.
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Michael H. Small & Injazz J. Chen. (1995) Investment justification of advanced manufacturing technology: An empirical analysis. Journal of Engineering and Technology Management 12:1-2, pages 27-55.
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Avraham Shtub & Yoav Zimerman. (1993) A neural-network-based approach for estimating the cost of assembly systems. International Journal of Production Economics 32:2, pages 189-207.
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JrJung Lyu, A. Gunasekaran & Jyh-Hong Ding. (1993) Design for economic feasibility of an automation system: Case of a shipbuilding company. Computers in Industry 22:1, pages 47-52.
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S.K. Kassicieh, H.V. Ravinder & S.A. Yourstone. (1993) Proposed design of a DSS for the justification of advanced manufacturing technologies. IEEE Transactions on Engineering Management 40:4, pages 398-403.
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Charles H. Fine. 1993. Logistics of Production and Inventory. Logistics of Production and Inventory 711 750 .
Sabah Randhawa & Tom M. West. (1992) Evaluating automated manufacturing technologies: Part I — Concepts and literature review. Computer Integrated Manufacturing Systems 5:3, pages 208-218.
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Vedat Verter & M. Cemal Dincer. (1992) An integrated evaluation of facility location, capacity acquisition, and technology selection for designing global manufacturing strategies. European Journal of Operational Research 60:1, pages 1-18.
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Giovanni Azzone, Umberto Bertelè & Cristina Masella. 1992. Economic and Financial Justification of Advanced Manufacturing Technologies. Economic and Financial Justification of Advanced Manufacturing Technologies 19 35 .
R.J. Gagnon. (1991) Assessing strategies for obtaining advanced engineering technologies with highly uncertain benefits. IEEE Transactions on Engineering Management 38:3, pages 210-223.
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GIOVANNI AZZONE & UMBERTO BERTELE'. 1991. Manufacturing and Automation Systems: Techniques and Technologies, Part 4 of 5. Manufacturing and Automation Systems: Techniques and Technologies, Part 4 of 5 1 45 .
K. Swann & W.D. O′Keefe. (1990) Advanced Manufacturing Technology: Investment Decision Process. Part I. Management Decision 28:1.
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G.J. Miltenburg. (1987) Economic evaluation and analysis of flexible manufacturing systems. Engineering Costs and Production Economics 12:1-4, pages 79-92.
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N. Kulatilaka. (1985) Capital budgeting and optimal timing of investments in flexible manufacturing systems. Annals of Operations Research 3:2, pages 35-57.
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Carlo Alberto Magni. (1996) Opzioni Strategiche: Un Approccio Integrato Di Programmazione Dinamica E Logica 'Vaga' (Strategic Options: An Integrated Approach of Dynamic Programming and 'Vague' Logic). SSRN Electronic Journal.
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Carlo Alberto Magni. (2005) Reasoning the ‘Net-Present-Value’ Way: Some Biases and How to Use Psychology for Falsifying Decision Models. SSRN Electronic Journal.
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