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A Comparative Analysis for the Justification of Future Manufacturing Systems

Biman K. Ghosh (Department of Industrial and Manufacturing Engineering, California State Polytechnic University, USA)
Roger N. Wabalickis (Department of Industrial and Manufacturing Engineering, California State Polytechnic University, USA)

International Journal of Operations & Production Management

ISSN: 0144-3577

Article publication date: 1 September 1991

Abstract

Traditional procedures alone are not appropriate for justifying advanced manufacturing systems. It is necessary to consider the benefits of new technology in manufacturing systems since financial return is dependent on many factors outside manufacturing. An in‐depth examination is the foundation of the comprehensive comparative analysis presented here. The mechanism used to combine and synthesise tangible and intangible benefits of advanced technology is the analytic hierarchy process. A cost/ benefit analysis incorporates cashflows and benefits to determine the best manufacturing system choice. A detailed example is given to illustrate the procedure, and to compare the results with that of the traditional return on investment method.

Keywords

Citation

Ghosh, B.K. and Wabalickis, R.N. (1991), "A Comparative Analysis for the Justification of Future Manufacturing Systems", International Journal of Operations & Production Management, Vol. 11 No. 9, pp. 4-23. https://doi.org/10.1108/EUM0000000001282

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited