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Ebook: Economics of Advanced Manufacturing Systems

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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.




This book addresses various issues associated with the economics of advanced production and manufacturing systems, and presents non-traditional methodologies that can be used to evaluate those systems.


This book addresses various issues associated with the economics of advanced production and manufacturing systems, and presents non-traditional methodologies that can be used to evaluate those systems.
Content:
Front Matter....Pages i-xix
Front Matter....Pages 1-1
Economic and Financial Justification Methods for Advanced Automated Manufacturing: An Overview....Pages 3-19
Expert Systems Applied to the Economic Justification of Advanced Manufacturing Systems....Pages 21-35
Economics of Advanced Manufacturing Systems During System Design and Development....Pages 37-44
Economics of Flexible Assembly Automation: Influence of Production and Market Factors....Pages 45-72
Justification of Cellular Manufacturing Systems....Pages 73-90
Application of the Engineering Economic Analysis Process and Life Cycle Concepts to Advanced Production and Manufacturing Systems....Pages 91-110
Front Matter....Pages 111-111
Analytical Techniques for Justification of Manufacturing Systems....Pages 113-125
Simulation v. Analytical Models for the Economic Evaluation of Flexible Manufacturing Systems: An Option-Based Approach....Pages 127-139
Multivariate Learning Curve Model for Manufacturing Economic Analysis....Pages 141-162
The Economics of Variance Reduction in Sequential Manufacturing....Pages 163-176
Front Matter....Pages 177-177
Memo to global competitors: it is time to replace cost accounting with process based information....Pages 179-188
Joint Cost Allocation to Multiple Products: Cost Accounting v.Engineering Techniques....Pages 189-199
A Totally Integrated Manufacturing Cost Estimating System (TIMCES)....Pages 201-224
Risk Evaluation of Investment in Advanced Manufacturing Technology....Pages 225-238
Analysis and Evaluation of Flexible Capital Investment....Pages 239-254
Front Matter....Pages 255-255
Firm Size and Computer Integrated Enterprise Concept: CIM/CIE Related Strategic Issues for Small Businesses....Pages 257-271
Application of Robotics and Automation Technologies to Industrialized Housing Manufacture....Pages 273-293
Training and Cost Effectiveness in the Development of Training Devices....Pages 295-303
On Safety of Workers in FMS Environments....Pages 305-317
Front Matter....Pages 319-319
Information Solutions to Advanced Production and Manufacturing Systems (APMS): A Discipline Impact Factor Analysis....Pages 321-329
Back Matter....Pages 331-373


This book addresses various issues associated with the economics of advanced production and manufacturing systems, and presents non-traditional methodologies that can be used to evaluate those systems.
Content:
Front Matter....Pages i-xix
Front Matter....Pages 1-1
Economic and Financial Justification Methods for Advanced Automated Manufacturing: An Overview....Pages 3-19
Expert Systems Applied to the Economic Justification of Advanced Manufacturing Systems....Pages 21-35
Economics of Advanced Manufacturing Systems During System Design and Development....Pages 37-44
Economics of Flexible Assembly Automation: Influence of Production and Market Factors....Pages 45-72
Justification of Cellular Manufacturing Systems....Pages 73-90
Application of the Engineering Economic Analysis Process and Life Cycle Concepts to Advanced Production and Manufacturing Systems....Pages 91-110
Front Matter....Pages 111-111
Analytical Techniques for Justification of Manufacturing Systems....Pages 113-125
Simulation v. Analytical Models for the Economic Evaluation of Flexible Manufacturing Systems: An Option-Based Approach....Pages 127-139
Multivariate Learning Curve Model for Manufacturing Economic Analysis....Pages 141-162
The Economics of Variance Reduction in Sequential Manufacturing....Pages 163-176
Front Matter....Pages 177-177
Memo to global competitors: it is time to replace cost accounting with process based information....Pages 179-188
Joint Cost Allocation to Multiple Products: Cost Accounting v.Engineering Techniques....Pages 189-199
A Totally Integrated Manufacturing Cost Estimating System (TIMCES)....Pages 201-224
Risk Evaluation of Investment in Advanced Manufacturing Technology....Pages 225-238
Analysis and Evaluation of Flexible Capital Investment....Pages 239-254
Front Matter....Pages 255-255
Firm Size and Computer Integrated Enterprise Concept: CIM/CIE Related Strategic Issues for Small Businesses....Pages 257-271
Application of Robotics and Automation Technologies to Industrialized Housing Manufacture....Pages 273-293
Training and Cost Effectiveness in the Development of Training Devices....Pages 295-303
On Safety of Workers in FMS Environments....Pages 305-317
Front Matter....Pages 319-319
Information Solutions to Advanced Production and Manufacturing Systems (APMS): A Discipline Impact Factor Analysis....Pages 321-329
Back Matter....Pages 331-373
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