Motivation to Invest in Advanced Manufacturing Technology

2013 ◽  
Vol 307 ◽  
pp. 437-442
Author(s):  
Josef Hynek ◽  
Václav Janeček
Keyword(s):  
Czech Republic ◽  
Technology Adoption ◽  
Modern Technology ◽  
Postal Survey ◽  
Manufacturing Technology ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Manufacturing Companies ◽  
The Czech Republic ◽  
Potential Benefits

This paper presents selected results of postal survey focused on advanced manufacturing technology adoption and utilization that was carried out in the Czech Republic two years ago. We have narrowed our focus on motivation of managers of manufacturing companies to invest in modern technology here. We believe that the most important motives are strongly linked to potential benefits that are associated with particular technology and that is why we have studied various benefits of advanced manufacturing technology and we put it into context of the problems the managers have to face nowadays. Our results show that from this perspective there are many good reasons to invest in modern technology.

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.

Decision Making Approaches for Advanced Manufacturing Technology Evaluation and Selection

2012 ◽  
pp. 403-438 ◽  
Author(s):  
Aidé Maldonado-Macías ◽  
Jorge Luis García-Alcaraz ◽  
Francisco Javier Marrodan Esparza ◽  
Carlos Alberto Ochoa Ortiz Zezzatti
Keyword(s):  
Decision Making ◽  
Manufacturing Technology ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Manufacturing Companies ◽  
Decision Making Processes ◽  
Complex Decision Making ◽  
Broad Variety ◽  
Complex Decision ◽  
Selection Of

Advanced Manufacturing Technology (AMT) constitutes one of the most important resources of manufacturing companies to achieve success in an extremely competitive world. Decision making processes for the Evaluation and Selection of AMT in these companies must lead to the best alternative available. Industry is looking for a combination of flexibility and high quality by doing significant investments in AMT. The proliferation of this technology has generated a whole field of knowledge related to the design, evaluation and management of AMT systems which includes a broad variety of methodologies and applications. This chapter presents a theoretical review of the term AMT, its diverse classification and a collection of the most effective multi-attribute models and methodologies available to support these processes. Relevant advantages are found in these models since they can manage complex decision making problems which involve large amount of information and attributes. These attributes frequently can be tangible and intangible when vagueness and uncertainty exist. There are several multi-attribute methodologies which are extensively known and used in literature; nevertheless, a new fuzzy multi-attribute axiomatic design approach is explained for an ergonomic compatibility evaluation of AMT.

The Impact of Advanced Manufacturing Technology on a Mature Industry

1986 ◽  
Vol 200 (4) ◽  
pp. 247-255
Author(s):  
G R Mackenzie
Keyword(s):  
Manufacturing Technology ◽  
Business Strategies ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Market Demand ◽  
Manufacturing Companies ◽  
Tube Output ◽  
Manufacturing Competitiveness ◽  
The Uk ◽  
The Impact

TI Group plc is the largest private sector tube-maker in the UK. Group companies manufacture specialist and bearing tube as well as commodity welded and cold-drawn carbon seamless tube. A substantial proportion of tube output is exported from the UK. Continuing competitive pressures and the changing nature of demand from both home and export markets are forcing reappraisal of TI Group's approach to tube manufacture. TI Group sees the maintenance of manufacturing competitiveness as a key element of securing a profitable future, and policy now requires operating subsidiaries to give full weight to manufacturing considerations when formulating their business strategies. Against this background, TI Group tube manufacturing companies are devising plans and making fundamental changes to apply advanced manufacturing technology to their processes and manufacturing control systems so as to give a more flexible response to market demand whilst achieving further cost reductions.

Advanced Manufacturing Technology – Virtual Manufacturing

2014 ◽  
Vol 543-547 ◽  
pp. 4638-4641 ◽  
Author(s):  
Guo Ru Xie ◽  
Wei An Xie
Keyword(s):  
Manufacturing Technology ◽  
Virtual Manufacturing ◽  
Advanced Manufacturing Technology ◽  
Advanced Manufacturing ◽  
Manufacturing Companies ◽  
Optimization Scheme ◽  
Virtual Reality Technology ◽  
Quality Cost ◽  
Related Services ◽  
Design And Manufacture

The main indicators of manufacturing companies competitiveness are time, quality, cost and related services, which make the manufacturing transform into new mode quickly. Manufacturing companies need flexibility and agility, so virtual manufacturing technology appeared. Virtual manufacturing is based on information technology, simulation technology and virtual reality technology. It can obtain many kinds of information by the aid of virtual environment. Before the design and manufacture of the product or system, virtual manufacturing can help people experience the performance and assembly relations of future product. Thus it can help people make decision and optimization scheme predictably.

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