Screen LibraryEconomic and financial justification of advanced manufacturing technologies /
Competence in investment analysis is now a basic requirement for most practicing managers, engineers, and financial analysts in order to avoid possible serious mistakes arising from flawed or inadequate knowledge of the discipline. Furthermore, individuals who make decisions based on technical econo...
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| Corporate Authors: | |
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| Group Author: | ; ; |
| Published: |
Elsevier,
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| Publisher Address: | Amsterdam ; New York : |
| Publication Dates: | 1992. |
| Literature type: | eBook |
| Language: | English |
| Series: |
Manufacturing research and technology ;
14 |
| Subjects: | |
| Online Access: |
http://www.sciencedirect.com/science/bookseries/15724417/14 |
| Summary: |
Competence in investment analysis is now a basic requirement for most practicing managers, engineers, and financial analysts in order to avoid possible serious mistakes arising from flawed or inadequate knowledge of the discipline. Furthermore, individuals who make decisions based on technical economics stake their professional futures, in many cases, on the accuracy of such evaluations. The aim of this volume is to provide a balanced view of the essential components of economic and financial analysis including: 1. Strategic and design issues; 2. Principles of cost management systems and activity-based costing, and; 3. Tools for developing the financial measures of investment worth, with advanced topics and case studies in these three areas. This volume provides a refreshing insight into the various methods that engineers, managers, and financial analysts may need to consider to find good alternatives for the investment of scarce resources. Not only are new ventures presented, but also improvements within existing facilities that include process modification, product design, equipment replacement, and plant expansion/contraction. |
| Carrier Form: | 1 online resource (x, 309 pages) : illustrations. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9781483291352 1483291359 |
| Index Number: | TS167 |
| CLC: | F405 |
| Contents: |
Front Cover; Economic and Financial Justification of Advanced Manufacturing Technologies; Copyright Page; Dedication; Preface; Table of Contents; PART I: Strategic and Design Issues in Investment Analysis; Chapter 1. A New Paradigm for Engineering Economy; Abstract; 1. INTRODUCTION; 2. REVEILLE; 3. YESTERDAY'S TOMORROW IS NOW; 4. ENGINEERING ECONOMY PARADIGM SHIFT; 5. RECENT DEVELOPMENTS; 6. CONCLUSION; 7. APPENDIX I: A COLLECTION OF RELEVANT INVESTMENT ISSUES FACING 21st CENTURY MANUFACTURERS; 8. REFERENCES CHAPTER 2. SELECTING TECHNIQUES FOR THE FINANCIAL JUSTIFICATION OF ADVANCED MANUFACTURING TECHNOLOGIES: A CONTINGENT APPROACHAbstract; 1. INTRODUCTION; 2. THE STATE OF THE ART; 3. A COMPARISON AMONG DIFFERENT APPROACHES; 4. MODIFIED DCF TECHNIQUES; ACKNOWLEDGMENTS; REFERENCES; PART II: Costing Methods in Engineering and Financial Analysis; CHAPTER 3. ACTIVITY-BASED COST MANAGEMENT SYSTEMS IN AN ADVANCED MANUFACTURING ENVIRONMENT; Abstract; 1. INTRODUCTION; 2. THE ADVANCED MANUFACTURING CONCEPT; 3. SHORTCOMINGS OF THE TRADITIONAL STANDARD COSTING SYSTEM; 4. OVERVIEW OF ACTIVITY-BASED COSTING 5. ACTIVITY-BASED COSTING vs. TRADITIONAL COSTING MODELS6. IMPACT OF ACTIVITY-BASED COSTING ON DECISION MAKING; 7. CONCLUSION; REFERENCES; Chapter 4. Cost accounting and the justification of advanced manufacturing technologies; Abstract; 1. INTRODUCTION; 2. THE BEHAVIORAL EFFECTS OF COST ACCOUNTING; 3. THE BEHAVIORAL EFFECTS OF OVERHEAD BASES; 4. OTHER BEHAVIORAL EFFECTS OF COST ACCOUNTING; 5. OTHER ISSUES; 6. SUMMARY; 7. REFERENCES; CHAPTER 5. SWITCHING RULES FOR DFM COST ESTIMATING; ABSTRACT; INTRODUCTION; SWITCHING RULES CONCEPT FOR DESIGN AND PRODUCTION; CHECKLIST POST ESTIMATE MODELS FOR COMPARATIVE ECONOMIC ANALYSISINTERPRETATION OF RESULTS; REFERENCES; GENERAL REFERENCES; Chapter 6. A Multi-attribute Simulation Paradigm for the Justification of FMS; Abstract; 1. INTRODUCTION; 2. APPROACHES TO FMS JUSTIFICATION; 3. MULTI-ATTRIBUTE SIMULATION PARADIGM; 4. MODEL EXPERIMENTATION; 5. CONCLUSIONS AND PLANNED EXTENSIONS TO THE MODEL; REFERENCES; PART III: Processes for Qualitative and Quantitative Evaluation of Investment Worth; Chapter 7. A Critical Review of Project Analysis Techniques; ABSTRACT; 1. INTRODUCTION; 2. PROJECT PROFITABILITY MEASURES 3. THE REINVESTMENT QUESTION IN RATE OF RETURN CALCULATIONS4. PROJECTS WITH INCOME PRECEDING INVESTMENT; 5. INCREMENTAL ANALYSIS AND THE RANKING OF PROJECTS; 6. SUMMARY; 7. REFERENCES; CHAPTER 8. ECONOMIC METHODS FOR EVALUATING INVESTMENTS IN ADVANCED MANUFACTURING TECHNOLOGIES; Abstract; 1. INTRODUCTION; 2. THE JUSTIFICATION PROCESS; 3. JUSTIFICATION TECHNIQUES; 4. AN EXAMPLE; 5. CONCLUSION; 6. REFERENCES; Chapter 9. The Evolution to Strategic Justification of Advanced Manufacturing Systems; Abstract; 1 Introduction; 2 Evolution of Manufacturing Technology; 3 Advantages and Benefits of AMT |