Document Type

Closed Project

Publication Date

Winter 1992


Richard F. Deckro

Course Title

Advanced Engineering Economics

Course Number

EMGT 535


Productivity, competition, and satisfaction of customer needs drive manufacturers to examine advanced manufacturing techniques such as Flexible Manufacturing Systems, Just-in-Time, CAD/CAM, etc. Technology is available for better production quality and a higher degree of flexibility. The question is to make the investment decision for being competitive based on an economic evaluation. Cost justification problems for AMT investment and related issues are explored in this paper. Literature on economic evaluation methods for advanced technology are summarized along with their applicability and practicality. As a last point, the engineering manager's role in such a decision is discussed


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