Investment Appraisal Techniques for Advanced Manufacturing Technology

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Integrated Manufacturing Systems
Emerald Article: Investment appraisal techniques for advanced manufacturing technology (AMT): a literature review F.T.S. Chan, M.H. Chan, H. Lau, R.W.L. Ip

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To cite this document: F.T.S. Chan, M.H. Chan, H. Lau, R.W.L. Ip, (2001),"Investment appraisal techniques for advanced manufacturing technology (AMT): a literature review", Integrated Manufacturing Systems, Vol. 12 Iss: 1 pp. 35 - 47 Permanent link to this document: http://dx.doi.org/10.1108/09576060110361528 Downloaded on: 19-11-2012 References: This document contains references to 74 other documents Citations: This document has been cited by 5 other documents To copy this document: permissions@emeraldinsight.com This document has been downloaded 2686 times since 2005. *

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Investment appraisal techniques for advanced manufacturing technology (AMT): a literature review

F.T.S. Chan The University of Hong Kong, Hong Kong M.H. Chan The University of Hong Kong, Hong Kong H. Lau The Hong Kong Polytechnic University, Hong Kong R.W.L. Ip City University of Hong Kong, Hong Kong Keywords

Investment analysis, Advanced manufacturing technologies, Strategic planning, Justification

Introduction

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Owing to the intense global competition in manufacturing, manufacturers need to increase their level of competitiveness in the Abstract global market. Some manufacturing This paper presents an overview companies, therefore, are forced to undergo a and guidance for manufacturing companies which are preparing to period of transformation in order to compete invest in advanced manufacturing more effectively. Under these circumstances, technology (AMT). The purpose of advanced manufacturing technology (AMT) this paper is to explain the is considered as a means of improving reasons why the company may competitiveness. encounter problems while adopting AMT, and to look at the The term ``AMT'' refers to computer-aided many suggestions offered by the technologies in design, manufacturing, relevant literature for improving transportation and testing, etc. In general, the performance of evaluation in AMT investment. According to the AMT...
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