An investment decision process: the case of advanced manufacturing technologies in Canadian manufacturing firms

1996 ◽  
Vol 34 (4) ◽  
pp. 947-958 ◽  
Author(s):  
V. KUMAR ◽  
S. A. MURPHY ◽  
S. C. K. LOO
2015 ◽  
Author(s):  
L. Morais ◽  
R. Massa ◽  
E. Tavares ◽  
E. Andrade

Globalization and advanced manufacturing technologies have forced manufacturing firms to increase productivity while reducing costs. At the same time, customers are increasingly demanding better products considering tangi- ble (e.g., smell, color, taste) and intangible (e.g., mark, fair treading, and envi- ronmental responsability) attributes. Currently, Brazil consolidates a position as the largest producer and exporter of coffee, accounting for 30% of the inter- national coffee market. This paper presents a stochastic model for performance evaluation and planning of coffee manufacturing process aiming at reducing the cost and time of the production cycle. An industrial case study shows the practical usability of the proposed models and techniques.


2011 ◽  
Vol 323 ◽  
pp. 60-64
Author(s):  
Gang Li

Adopting advanced manufacturing technologies (AMTs) is believed to be the key to survival for many companies in the current highly volatile business environment. For adoption of AMT involves a very high level of investment, it is very important to make scientific decision to select AMT. Firstly, the literature of decision-making methods of selecting AMT is reviewed. Secondly, the analysis framework of investment decision-making on AMT is proposed, which includes strategic benefits analysis, economic benefits analysis and risk analysis. Finally, a methodology of evaluating and selecting AMT is put forward by using the concepts of fuzzy theory and hierarchical analysis.


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