Contributors. Acknowledgements. Preface. Part One: Economic justification methods. Economic and financial justification methods for advanced automated manufacturing: an overview; R.G. Soni, H.R. Parsaei, D.H. Liles. Expert systems applied to the economic justification of advanced manufacturing systems; W.M. Henghold, S.R. LeClair. Economics of advanced manufacturing systems during system design and development; H.R. Carrasco, S-M. Lee. Economics of flexible assembly automation: influence of production and market factors; A. Mital. Justification of cellular manufacturing systems; I.N. Zahran, A.S. Elmaghraby, M.A. Shalaby. Application of the engineering economic analysis process and life cycle concepts to advanced production and manufacturing systems; J.A. Bontadelli. Part Two: Models and techniques. Analytical techniques for justification of manufacturing systems; M.J. Chandra, C.M. Harmonosky. Simulation v. analytical models for the economic evaluation of flexible manufacturing systems: an option-based approach; G. Azzone, U. Bertele. Multivariate learning curve model for manufacturing economic analysis; A.B. Badiru. The economics of variance reduction in sequential manufacturing; R.G. Batson, J.O. Matson. Part Three: Costing and investment methods. Memo to global competitors: it is time to replace cost accounting with process-based approach; H.T. Johnson, R.W. Sapp. Joint cost allocation to multiple products: cost accounting v. engineering techniques; F. Tayyari, H.R. Parsaei. A totally integrated manufacturing cost estimating system (TIMCES); J.P. Wong, I.N. Imam, A.K. Kamrani, H.R. Parsaei, F. Tayyari. Risk evaluation of investment in advanced manufacturing technology; B.B. Hundy, D.J. Hamblin. Analysis and evaluation of flexible capital investment; C.H. Nielsson, H. Nordahl, I. Persson. Part Four: Peripheral issues. Firm size and computer integrated enterprise concept: CIM/CIE related strategic issues for small businesses; R.K. Iyer, D.L. Liles. Application of robotics and automation technologies to industrialized housing manufacture; A.K. Elshennawy, W.W. Swart, S. Chandra. Training and cost effectiveness in the development of training devices; L.C. Morse, B. Goldiez. On safety of workers in FMS environments; S. Nanthanvanij. Part Five: Economic analysis and justification resources. Information solutions to advanced production and manufacturing systems (APMS): a discipline impact factory analysis; J. Kulkarni, H.R. Parsaei, F. Tayyari. Appendix. Index.
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.
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