References
- Abdel–Malek , L. ( 1987 ) The application of robots to fixed gauge quality control processes . International Journal of Quality and Reliability Management , 4 ( 4 ), 93 – 97 .
- Abdel–Malek , L. and Boucher , T.O. ( 1985 ) A framework for the economic evaluation of production system and product design alternatives for robot assembly . International Journal of Production Research , 23 , 197 – 208 .
- Albertson , P. ( 1983 ) Verifying robot performance . Robotics Today , 5 ( 5 ), 33 – 36 .
- Allais , M. ( 1953 ) Le comportement de l'homme rational devant le risque, critique des postulates et axiomes de l'école Americaine . Econometrica , 21 , 503 – 546 .
- Battalio , R.C. , Kagel , J.H. and Jiranyakul , K. ( 1990 ) Testing between alternative models of choice under uncertainty some initial results . Journal of Risk and Uncertainty , 3 , 25050 .
- Becker , J.L. and Sarin , R.K. ( 1987 ) Lottery dependent utility . Management Science , 33 , 1367 – 1382 .
- Becker , J.L. and Sarin , R.K. ( 1989 ) Decision analysis using lottery–dependent utility . Journal of Risk and Uncertainty , 2 , 105 – 117 .
- Bell , D.E. ( 1982 ) Regret in decision making under uncertainty . Operations Research , 30 , 961 – 982 .
- Bell , D.E. ( 1985 ) Disappointment in decision making under uncertainty . Operations Research , 33 , 1 – 27 .
- Bellman , R. ( 1957 ) Dynamic programming , University of Princeton Press , Princeton , NJ .
- Blackwell , D. ( 1953 ) Equivalent comparisons of experiments . Annals of Mathematical Statistics , 24 , 265 – 272 .
- Camerer , C.F. ( 1989 ) An experimental test of several generalized utility theories . Journal of Risk and Uncertainty , 2 , 61 – 104 .
- Canada , J.R. ( 1986 ) Annotated bibliography on justification of computer–integrated manufacturing systems . The Engineering Economist , 31 ( 2 ), 137 – 150 .
- Carlson , R. and Rosenblatt M. ( 1985 ) Designing a production line to maximize profit . HE Transactions , 17 , 117 – 122 .
- Chew , S.H. ( 1985 ) Implicit weighted utility and semi–weighted utility theories, M–estimators, and the non demand revelation of second price auctions for an uncertain auctioned object . Working Paper , Johns Hopkins University , Baltimore , MD .
- Chew , S.H. and MacCrimmon , K.R. ( 1979 ) Alpha–nu choice theory; a generalization of expected utility theory . Working paper, No. 686 , University of British Columbia , Faculty of Commerce and Business Administration .
- Chew , S.H. and Waller , W. ( 1986 ) Empirical tests of weighted utility theory . Journal of Mathematical Psychology , 30 , 55 – 72 .
- Corner , J.L. and Kirkwood , C.W. ( 1991 ) Decision analysis application in the operations research literature, 1970–1989 . Operations Research , 39 , 206 – 219 .
- Daniels , R.L. and Keller , L.R. ( 1990 ) An experimental evaluation of the descriptive validity of lottery–dependent utility theory . Journal of Risk and Uncertainty , 3 , 115 – 134 .
- Epstein , L.G. ( 1990 ) Behavior under risk recent developments in theory and applications . Working paper # 9022, ISSN 0829–4909, Department of Economics and Institute for Policy Analysis , University of Toronto , Toronto Ontario , Canada M5S 1A1 .
- Farquhar , P.H. ( 1987 ) Utility assessment methods . Management Science , 30 , 1283 – 1300 .
- Fine , C.H. ( 1990 ) Developments in manufacturing technologies and economic evaluation models . Working paper , Sloan School of Management , Massachusetts Institute of Technology , Cambridge , MA .
- Fine , C.H. and Freund , R.M. ( 1986 ) Economic analysis of product–flexible manufacturing systems investment decisions , Proceedings of the Second ORSA/TIMS Conference on Flexible Manufacturing Systems Operations Research Models and Appplications , K.E. Stecke and R. Suri (eds) Elsevier Science Publishers B.V. , Amsterdam , pp. 55 – 68 .
- Finnie , J. ( 1988 ) The role of financial appraisal in decisions to acquire advanced manufacturing technology . Accounting and Business Research , 18 , 133 – 139 .
- Fishburn , P.C. ( 1989 ) Retrospective on the utility theory of von Neumann and Morgenstern . Journal of Risk and Uncertainty , 2 , 127 – 158 .
- Fishburn , P.C. ( 1984 ) Multiattribute nonlinear utility theory . Management Science , 30 , 1301 – 1310 .
- Fishburn , P.C. ( 1982 ) Nontransitive measurable utility . Journal of Mathematical Psychology , 26 , 31 – 67 .
- Gaimon , C. ( 1987 ) The acquisition of technology to enhance worker productivity when lags exist due to learning . Working Paper Series 87 – 56 , College of Business , Ohio State University .
- Hadar , J. and Russel , W. R. ( 1969 ) Rules for ordering choices involving risk . American Economic Review , 59 , 25 – 34 .
- Hanoch , G. and Levy H. ( 1969 ) Efficiency analysis of choices involving risk . Review of Economic Studies , 36 , 335 – 346 .
- Hershey , J.C. and Schoemaker P.J.H. ( 1985 ) Probability versus certainty equivalence methods in utility measurement; are they equivalent? Management Science , 31 , 1213 – 1231 .
- Heyman , D.P. and Sobel , M.J. ( 1984 ) Stochastic models in operations research , vol. II , ( Stochastic optimization ), McGraw-Hill , New York .
- Hilton , R.W. ( 1990 ) Failure of Blackwell's theorem under Machina's generalization of expected–utility analysis without the independence axiom . Journal of Economic Behavior and Organization , 13 , 233 – 244 .
- Imany , M.M. and Schlesinger , R.J. ( 1989 ) Decision models for robot selection a comparison of ordinary least squares and linear goal programming methods . Decision Sciences , 20 , 40 – 53 .
- Jaikumar , R. ( 1986 ) Postindustrial manufacturing . Harvard Business Review , 64 ( November–December ) 69 – 76 .
- Jones , M.S. , Malmborg , C.J. and Agee , M.H. ( 1985 ) Decision support system used for robot selection . Industrial Engineering , 17 , 66 – 73 .
- Kahneman , D. and Tversky , A. ( 1979 ) Prospect theory an analysis of decision under risk . Econometrica , 47 , 263 – 291 .
- Kaplan , R.S. ( 1986 ) Must CIM be justified by faith alone . Harvard Business Review , (March–April) 87 – 93 .
- Kami , E. and Schmeidler , D. ( 1991 ) Utility theory with uncertainty , in Handbook of Mathematical Economics , Vol. IV , W. Hildenbrand and H. Sonnenschein (eds) , Elsevier Science Publishers, B.V.
- Keeney , R.L. ( 1982 ) Decision analysis an overview . Operations Research , 30 , 803 – 838 .
- Keeney , R. and Raiffa H. ( 1976 ) Decision making with multiple objectives , John Wiley , New York .
- Kim , S. and Knott K. ( 1987 ) The effect of geometric tolerancing when assembling a peg into a hole using a robot . Working Paper , #87108, Department of Industrial and Management Systems , The Pennsylvania State University , University Park , PA .
- Krinsky , I. , Mehrez , A. , Miltenburg , G. and Myers , B. ( 1990 ) Flexible manufacturing systems evaluation an alternative approach . International Journal of Flexible Manufacturing Systems , 2 , 237 – 253 .
- Lasdon , L.S. , Warren , A.D. , Jain , A. and Ratner , M. ( 1978 ) Design and testing of a generalized reduced gradient code for nonlinear programming . ACM Transactions on Mathematical Software , 4 , 34 – 50 .
- Leland , H.E. ( 1972 ) Theory of the firm facing uncertain demand . American Economic Review , 62 , 248 – 291 .
- Machina , M.J. ( 1982 ) Expected utility analysis without the independence axiom . Econometrica , 50 , 277 – 323 .
- Machina , M.J. ( 1987 ) Choice under uncertainty problemsolved and unsolved . Economic Perspectives , 1 , 121 – 154 .
- Mehrez , A. and Offodile , O.F. ( 1993 ) A statistical–economic framework for evaluating the effect of robot repeatability of profit . HE Transactions , forthcoming .
- Meredith , J.R. and Suresh , N.C. ( 1986 ) Justification techniques for advanced manufacturing technologies . International Journal of Production Research , 24 , 1043 – 1057 .
- Milgrom , P. and Roberts , J. ( 1990 ) Economics of modern manufacturing technology, strategy, and organization . ' American Economic Review , 8O , 511 – 528 .
- Nahmias , S. ( 1989 ) Production and operations management , Irwin , Homewood , I1 .
- Nof , S. and Lechtman , H. ( 1982 ) Robot time and motion provides means for evaluating alternative robot work methods . Industrial Engineering , 14 , 38 – 48 .
- Nof , S.Y. , Knight , J. and Salvendy , G. ( 1980 ) Effective utilization of industrial robots – a job and skills analysis approach . IIE Transactions , 12 , 216 – 228 .
- Offodile , O.F. and Ugwu , K. ( 1991 ) Evaluating the effect of speed and payload on robot repeatability . International Journal of Robotics and Computer Integrated Manufacturing , 9 , 27 – 33 .
- Offodile , O.F. , Lambert , B.K. and Dudek , A. ( 1987 ) Development of a computer aided robot selection procedure (CARSP) . International Journal of Production Research , 25 , 1109 – 1121 .
- Paul , R.P. and Nof , S.Y. ( 1979 ) Work methods measurement – a comparsion between robot and human task performance . International Journal of Production Research , 17 , 227 – 303 .
- Pratt , J. ( 1964 ) Risk aversion in the small and the large . Econometrica , 32 , 122 – 136 .
- Prelec , D. ( 1990 ) A ‘pseudo–endowment’ effect, and its implications for some recent nonexpected utility models . Journal of Risk and Uncertainty , 3 , 247 – 259 .
- Quiggin , J. ( 1982 ) A theory of anticipated utility . Journal of Economic Behavior and Organization , 3 , 323 – 334 .
- Raiffa , H. ( 1968 ) Decision Analysis , Addison–Wesley , Reading , Massachusetts .
- Rabinowitz , G. , Mehrez , A. and Samaddar , S. ( 1991 ) A scheduling model for multirobot assembly cells . International Journal of Flexible Manufacturing Systems , 3 ( 2 ), 149 – 180 .
- Sandmo , A. ( 1971 ) On the theory of the competitive firm under price uncertainty . American Economic Review , 61 , 65 – 73 .
- Schlee , E. ( 1990 ) The value of information in anticipated utility theory . Journal of Risk and Uncertainty , 3 , 83 – 92 .
- Starmer , C. and Sugden , R. ( 1989 ) Probability and juxtaposition effects an experimental investigation of the common ratio effect . Journal of Risk and Uncertainty , 2 , 159 – 178 .
- Stefan , A. ( 1991 ) Capital budgeting for process innovations . Working paper , University of Technology , Vienna , Austria .
- von Neumann , J. and Morgenstern , O. ( 1944 ) Theory of games and economic behavior , Princeton University Press , Princeton , NJ .
- Williams , A. and Nassar , J.I. ( 1966 ) Financial measurement of capital investments . Management Science , 12 , 851 – 864 .