Capital investment appraisal of advanced manufacturing technology

1994 ◽  
Vol 32 (12) ◽  
pp. 2751-2776 ◽  
Author(s):  
F. LEFLEY
Keyword(s):  
Capital Investment ◽  
Manufacturing Technology ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Investment Appraisal

Investment appraisal of advanced manufacturing technology in the czech republic, usa and united kingdom

2001 ◽  
Vol 10 (2) ◽  
Author(s):  
Ladislav Hájek ◽  
Josef Hynek ◽  
Václav Janeček ◽  
Frank Lefley ◽  
Frank Wharton
Keyword(s):  
Czech Republic ◽  
Manufacturing Technology ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Manufacturing Companies ◽  
Capital Projects ◽  
The Czech Republic ◽  
Investment Appraisal ◽  
The Usa ◽  
The Uk

The results of a survey large Czech manufacturing companies are presented which shows the current levels of investment in advanced manufacturing technology (AMT), the techniques and criteria used to assess AMT capital projects, and attitudes to the need for further investment. Comparisons are made with the results of earlier identical surveys in the UK and the USA. The comparisons reveal numerous statistically significant differences. The current levels of AMT investment in the Czech Republic are relatively low, the techniques used for evaluation relatively unsophisticated, the investment criteria used are more short term, and there is less concern about the need for AMT.

The Financial Evaluation and Economic Application of Advanced Manufacturing Technology

1986 ◽  
Vol 200 (1) ◽  
pp. 27-31 ◽  
Author(s):  
P L Primrose ◽  
R Leonard
Keyword(s):  
Cost Effective ◽  
Manufacturing Technology ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Full Potential ◽  
Financial Evaluation ◽  
Investment Appraisal ◽  
Economic Application ◽  
Cad Cam ◽  
Traditional Approaches

The traditional approaches to investment appraisal are examined and it is shown that these exhibit severe limitations when applied to advanced manufacturing technology (AMT). In particular, the financial advantages of AMT are usually understated, with the result that companies fail to invest in highly viable projects. The paper then demonstrates how investment appraisal can be correctly performed by use of an integrated suite of programs, and that when the company-wide benefits of AMT are embraced within the DCF evaluation, AMT emerges as being cost effective. The advantages of using the programs are illustrated by examples from each facet of AMT (for example, robotics, CNC, FMS, CAD/CAM and MRP) with conclusions being derived showing how the traditional objective of reductions in direct costs changes when the investment is viewed company-wide. Finally, it is shown how this change in perspective, in turn, induces a re-appraisal of the direction that AMT development should take if its full potential is to be realized.

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