Research on the Investment Decision-Making on the Application of Advanced Manufacturing Technologies in Enterprises
Adopting advanced manufacturing technologies (AMTs) is believed to be the key to survival for many companies in the current highly volatile business environment. For adoption of AMT involves a very high level of investment, it is very important to make scientific decision to select AMT. Firstly, the literature of decision-making methods of selecting AMT is reviewed. Secondly, the analysis framework of investment decision-making on AMT is proposed, which includes strategic benefits analysis, economic benefits analysis and risk analysis. Finally, a methodology of evaluating and selecting AMT is put forward by using the concepts of fuzzy theory and hierarchical analysis.
Yuhang Yang and Yan Ma
G. Li "Research on the Investment Decision-Making on the Application of Advanced Manufacturing Technologies in Enterprises", Advanced Materials Research, Vol. 323, pp. 60-64, 2011