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.

First published in 1998, this volume was designed to lead to an operational model of Advanced Manufacturing Technology (AMT) decision making which incorporated the mathematics of fuzzy set theory. The rapid advancement of robotics, automated technologies and software such as CAD and CAM have made such studies paramount. Here, analyses of a questionnaire survey and field study of major UK manufacturing companies together provide a simulating portrayal of AMT investment decision making and have been expanded upon with a model using fuzzy set theory.

This text illuminates the contemporary issues and technologies related to the economic evaluation and justification of advanced technologies. Included are modern tools, as well as application-based cases that demonstrate the use of these tools. Students, researchers and decision makers will benefit from this useful resource.

The 1980s have witnessed a tremendous growth in the field of computer integrated manufacturing systems. The other major areas of development have been computer-aided design, computer-aided manufacturing, industrial robotics, automated assembly, cellular and modular material handling, computer networking and office automation to name just a few. These new technologies are generally capital intensive and do not conform to traditional cost structures. The net result is a tremendous change in the way costs should be estimated and economic analyses performed. The majority of existing engineering economy texts still profess application of traditional analysis methods. But, as was men tioned above, it is clear that the basic trend in manufacturing industries is itself changing. So it is quite obvious that the practice of traditional economic analysis methods should change too. This book is an attempt to address the various issues associated with non-traditional methods for evaluation of advanced computer-integrated technologies. This volume consists of twenty refereed articles which are grouped into five parts. Part one, Economic Justification Methods, consists of six articles. In the first paper, Soni et at. present a new classification for economic justification methods for advanced automated manufacturing systems. In the second, Henghold and LeClair look at strengths and weaknesses of expert systems in general and more specifically, an ap plication aimed at investment justification in advanced technology. The third paper, by Carrasco and Lee, proposes an enhanced economic methodology to improve the needs analysis, conceptual design and de tailed design activities associated with technology modernization.

First published in 1997, this volume and its contributors take stock of current issues in accounting and finance. Featuring specialists in business, accounting, finance along with Vice Chancellor John Bull, they examine areas including auditors’ decision-making, financial shocks, the European corporate capital structure, GPs, accounting education and professional journals.

Matthew J. Liberatore Department of Management Villanova University Villanova, PA 19085 1. BACKGROUND The weakening competitive position of many segments of u.s. manufacturing has been analyzed, debated and discussed in corporate boardrooms, academic journals and the popular literature. One result has been a renewed commitment toward improving productivity and quality in the workplace. The drive to reduce manufacturing related costs, while meeting ever-changing customer needs, has led many firms to consider more automated and flexible manufacturing systems. The extent to which these new technologies can support business goals in productivity, quality and flexibility is an especially important issue for manufacturing firms in the u.s. and other Western nations. Problems have arisen in developing performance measures and evaluation criteria which reflect the full range of costs and benefits associated with these technologies. Some would argue that managerial policies and attitudes, and not the shortcomings of the equipment or manufacturing processes, are the major impediments to implementation (Kaplan 1984).

This Book Is Written By A Group Of International Experts On Concurrent Product And Process Design And Development. It Reflects Modern Trends And Approaches In Concurrent Engineering, With Particular Emphasis On Product Development Cycle. A Multi-Disciplinary Approach Is Adopted Throughout The Book. The Book Highlights Concurrent Engineering Organization; Enabling Tools And Techniques For Successful Concurrent Engineering; Manufacturing Strategy Decision Support Tools; Measure Of Manufacturing Performance For Concurrent Engineering; Economic Justification In A Concurrent Engineering Environment; Product Data Requirements In Concurrent Engineering. All These Features Make This Book An Extremely Valuable Reference Source For Practising Professionals And Engineering Students. A Number Of Prominent Scientists And Experts From Different Countries Have Jointly Worked To Compile The Chapters Of This Book Reflecting The Latest Developments And Modern Approaches To Concurrent Engineering.

During the last two decades, a tremendous growth in the popularity and applications of computers in manufacturing has occurred. Computer aided design, computer-aided manufacturing, flexible manufacturing systems, group technology and many others are considered by many manufacturing executives as the most promising technologies and philosophies that, if successfully implemented, can reduce costs and enable the US manufacturing companies to become more competitive in the global market. In the computer-integrated manufacturing environ ment, the decision processes are often more involved. The decision makers are frequently required to have access to a vast amount of data to support and analyze their complex decision problems at strategic and tactical levels. Decision support systems are often referred to as computer-based information technologies that allow the decision makers to interactively communicate and solve the decision problems. Manufacturing Decision Support Systems is intended to report the latest developments and address the central issues in this area. This volume consists of 14 refereed chapters, written by leading researchers from academia and industry.

Well known researchers in all areas related to featured based manufacturing have contributed chapters to this book. Some of the chapters are surveys, while others review a specific technique. All contributions, including those from the editors, were thoroughly refereed. The goal of the book is to provide a comprehensive picture of the present stage of development of Features Technology from the point of view of applications in manufacturing. The book is aimed at several audiences. Firstly, it provides the research community with an overview of the present state-of-the-art features in manufacturing, along with references in the literature. Secondly, the book will be useful as supporting material for a graduate-level course on product modeling and realization. Finally, the book will also be valuable to industrial companies who are assessing the significance of features for their business.

Flexible Manufacturing Systems (FMS) involve substituting machines capable of performing a wide and redefinable variety of tasks for machines dedicated to the performance of specific tasks. FMS can also be programmed to handle new products, thus extending the machines' life cycles. Thus they represent a change from "standardized goods produced by customized machines" to "customized goods produced by standardized machines". This volume contains new and updated material in this field, and will be of great interest to researchers, managers and students concerned with problems related to flexible manufacturing systems.