Alternate method for the justification of advanced manufacturing technologies

References

• BANZ , R. W. , and MILLER , M. H. , 1978 , Prices for state-contingent claims some estimates and applications . Journal of Business , 51 ( 4 ), 653 – 672 .
   Google Scholar
• BLACK , F. , and SCHOLES , M. , 1975 , The pricing of options and corporate liabilities . Journal of Political Economy , 81 , 621 – 651 .
   Google Scholar
• BREALEY , R. , MYERS , S. , SICK , G. , and WHALEY , R. , 1986 , Principles of Corporate Finance ( Toronto McGraw-Hill Ryerson Ltd .).
   Google Scholar
• BREEDEN , D. , and LITZENBERGER , R. , 1978 , Prices of state-contingent claims implicit in option prices . Journal of Political Economy , 51 , 621 – 651 .
   Google Scholar
• COPELAND , T. E. , and WESTON , J. F. , 1983 , Financial Theory and Corporate Policy ( Reading , M A.Addison-Wesley Publishing Co. ).
   Google Scholar
• DECKNO , R. F. , SPAHR , R. W. , and HEBERT , J. E. , 1985 , Preference trade-offs in capital budgetingdecisions . IIE Transactions , 17 ( 4 ), 332 – 337 .
   Google Scholar
• FOTSCH , R. J. , 1984 , Machine tool justification policies their effect on productivity and profitability . Journal of Manufacturing Systems , 3 ( 2 ), 169 – 195 .
   Web of Science ®Google Scholar
• GERVIN , D. A. , 1982 , Do's and don't's of computerized manufacturing . Harvard Business Review , March-April, 107 – 116 .
   Google Scholar
• HAYES , R. H. , and GERVIN , D. A. , 1982 , Managing as if tomorrow mattered . Harvard Business Review , May-June, 71 – 79 .
   Google Scholar
• HAYES , R. H. , and WHEELWRIGHT , S. C. , 1984 , Restoring our Competitive Edge Competing Through Manufacturing ( New York John Wiley and Sons ).
   Google Scholar
• HODDER , J. E. , 1986 , Evaluation of manufacturing investments a comparison of U.S. and Japanese Practices . Financial Management , 15 ( 1 ), 17 – 24 .
   Web of Science ®Google Scholar
• HODDER , J. E. , and RIGGS , H. E. , 1985 , Pitfalls in evaluating risky projects . Harvard Business Review , January-February, 128 – 135 .
   Google Scholar
• HOWARD , R. A. , 1988 , Decision Analysis Practice and Promise . Management Science , 34 ( 6 ), 679 – 695 .
   Web of Science ®Google Scholar
• IBBOTSON , R. , and SINQUEFIELD , R. , 1976 , Stocks, bonds, bills, and inflation Simulation of the future (1976–2000) . Journal of Business , 49 , 313 – 338 .
   Google Scholar
• IBBOTSON , R. , and SINQUEFIELD , R. , 1977 , Stocks, Bonds, and Inflation The Past (1926–1976) and The Future (1977–2000) ( Charlottesville , VA Financial Analysts Research Foundation ).
   Google Scholar
• KAPLAN , R. S. , 1986 , Must CIM be justified by faith alone? Harvard Business Review , March-April , 329 – 338 .
   Google Scholar
• KULATILAKA , N. , 1984 , Financial economics and strategic issues concerning the decision to invest in advanced automation . International Journal of Production Research , 22 , 949 – 968 .
   Web of Science ®Google Scholar
• MEREDITH , J. R. , and SURESH , N. G. , 1986 , Justification techniques for advanced manufacturing technologies . International Journal of Production Research , 24 ( 5 ), 1043 – 1057 .
   Web of Science ®Google Scholar
• MEREDITH , J. R. , 1987 , Automating the factory theory versus practice . International Journal of Production Research , 25 ( 10 ), 1493 – 1510 .
   Web of Science ®Google Scholar
• MEHREZ , A. , and REGEV , U. , 1985 , Stochastic dominance relations in a project cost problem . IIE Transactions , 17 ( 2 ), 194 – 197 .
   Web of Science ®Google Scholar
• MICHAEL , G. J. , and MILLEN , R. A. , 1984 , Economic justification of modern computer-based factory automation equipment a status report . Proceedings of the First ORSA/TIMS Special Conference on FMS ( The Institute of Management Sciences ).
   Google Scholar
• MILTENBURG , G. J. , and KRINSKY , L. , 1987 , Evaluating Flexible Manufacturing Systems . IIE Transactions , 19 ( 2 ), 222 – 233 .
   Web of Science ®Google Scholar
• PIENAAR , A. , KRUGER , P. , and ADENDORFF , K. , 1986 , An evaluation model for quantifying systemvalue . IIE Transactions , 18 ( 1 ), 10 – 15 .
   Web of Science ®Google Scholar
• PORTER , M. E. , 1980 , Competitive Strategy |v ( New York The Free Press ).
   Google Scholar
• ROSENTHAL , S. , 1984 , A survey of factory automation in the U.S. Operations Management Review , Winter , 41 – 48 .
   Google Scholar
• Ross , S. , 1976 a, The arbitrage theory of capital asset pricing . Journal of Economic Theory , 13 , 341 – 360 .
   Web of Science ®Google Scholar
• Ross , S. , 1976 b, Options and efficiency. Quarterly Journal of Economics , 90 , 75 – 89 .
   Google Scholar
• SCHALL , L. D. , SUNDEM , G. L. , and GEUSBEEK , W. R. , 1978 , Survey and analysis of capital budgeting methods . Journal of Finance ,|v33, 281 – 287 .
   Web of Science ®Google Scholar
• SINUANY-STERN , Z. , and ROSENBLATT , M. J. , 1987 , Budgeting in hierarchical systems under uncertainty . IIE Transactions , 19 ( 1 ), 2 – 12 .
   Web of Science ®Google Scholar
• SKINNER , W. , 1969 , Manufacturing-missing link in coroporate strategy . Harvard Business Review , May-June, 136 – 145 .
   Google Scholar
• SKINNER , W. , 1978 , Manufacturing in the Corporate Strategy ( New York John Wiley and Sons ).
   Google Scholar
• WABALICKIS , R. N. , 1988 , Justification of FMS with the analytic hierarchy process . Journal of Manufacturing Systems , 7 ( 3 ), 175 – 182 .
   Web of Science ®Google Scholar