Evaluation of advanced manufacturing technologies using Taguchi's loss functions

Journal of Manufacturing Technology Management

Volumn 20, Issue 3, 2009, Pages 367-384

  Ordoobadi, Sharon ^a  

^a UNIVERSITY OF MASSACHUSETTS DARTMOUTH   (United States)

Author keywords

Advanced manufacturing technologies; Benefits; Taguchi methods

Indexed keywords

ADVANCED MANUFACTURING TECHNOLOGIES; ADVANCED TECHNOLOGY; BENEFITS; COMPETITIVE MARKETS; DECISION MAKERS; DECISION MODELS; DESIGN/METHODOLOGY/APPROACH; FINANCIAL ANALYSIS; FINANCIAL RESULTS; INTANGIBLE BENEFITS; INTANGIBLE FACTORS; INVESTMENT DECISIONS; MAKING DECISION; NEW TECHNOLOGIES; POTENTIAL BENEFITS; TAGUCHI'S LOSS FUNCTION; TECHNOLOGY ADOPTION; TWO-STEP PROCESS;

BLOOD VESSEL PROSTHESES; DESIGN; INVESTMENTS; MANUFACTURE; TAGUCHI METHODS;

TECHNOLOGY;

EID: 70349207608     PISSN: 1741038X     EISSN: None     Source Type: Journal    
DOI: 10.1108/17410380910936800     Document Type: Article

References (55)

1. Albayrakoglu, M. (1996), "Justification of new manufacturing technology: a strategic approach using the analytic hierarchy process", Production & Inventory Management Journal, Vol. 37 No. 1, pp. 71-6.
2. Arslan, M.D., Catay, B. and Budak, E. (2004), "A decision support system for machine tool selection", Journal of Manufacturing Technology Management, Vol. 15/1, pp. 101-9.
3. Azzone, G. and Bertele, U. (1991), "Planning and controlling investments in computer-based automation", Cost Management, Summer, pp. 28-36.
4. Badiru, A.B., Foote, B.L. and Chetupuzha, J. (1991), "A multiattribute spreadsheet model for manufacturing technology justification", Computers & Industrial Engineering, Vol. 21 Nos 1/4, pp. 29-33.
5. Bennett, E.D. and Hendricks, J.A. (1987), "Justifying the acquisition of automated equipment", Management Accounting, Vol. 69 No. 1, pp. 39-46.
6. Besterfield, D.H., Besterfield-Michna, C., Besterfield, G.H. and Besterfield-Sacre, M. (2003), Total Quality Management, Pearson Education, Upper Saddle River, NJ.
7. Canada, J.R. and Sullivan, W.G. (1990), "Persistent pitfalls and applicable approaches for justification of advanced manufacturing technologies", Engineering Costs and Production Economics, Vol. 18, pp. 247-53.
8. Chan, F.T.S., Chan, M.H. and Tang, N.K.H. (2000), "Evaluation methodologies for technology selection", Journal of Materials Processing Technology, Vol. 107, pp. 330-7.
9. Chan, F.T.S., Chan, M.H., Lau, H. and Ip, R.W.L. (2001), "Investment techniques for advanced manufacturing technology: a literature review", Integrated Manufacturing Systems, Vol. 12/1, pp. 35-47.
10. Datta, V., Sambasivarao, K.V., Kodali, R. and Deshmukh, S.G. (1992), "Multi-attribute decision model using the analytic hierarchy process for justification of manufacturing systems", International Journal of Production Economics, Vol. 28 No. 2, pp. 227-34.
11. Dhavale, D. (1995), "Justifying manufacturing cells", Manufacturing Engineering, Vol. 115 No. 6, pp. 31-7.
12. Downing, T. (1989), "Eight new ways to evaluate automation", Mechanical Engineering, Vol. 111 No. 7, pp. 82-6.
13. Finnie, J. (1988), "The role of financial appraisal in decisions to acquire advanced manufacturing", Accounting & Business Research, Vol. 18 No. 70, pp. 133-9.
14. Georgakellos, D.A. (2005), "Technology selection from alternatives: a scoring model for screening candidates in equipment purchasing", International Journal of Innovation and Technology Management, Vol. 2 No. 1, pp. 1-18.
15. Handfield, R. and Pagell, M. (1995), "An analysis of the diffusion of flexible manufacturing systems", International Journal of Production Economics, Vol. 39, pp. 243-53.
16. Jones, P.C-H., Hillier, D. and Comfort, D. (2005), "The benefits, challenges and impacts of RFID technology for retailers in the UK", Marketing Intelligence & Planning, Vol. 23 No. 4, pp. 395-402.
17. Kakati, M. and Dhar, U.R. (1991), "Investment justification in flexible manufacturing systems", Engineering Costs and Production Economics, Vol. 21 No. 3, pp. 203-9.
18. Kaplan, R. (1986), "Must CIM be justified by faith alone?", Harvard Business Review, Vol. 64 No. 2, pp. 87-95.
19. Kassicieh, S.K., Ravinder, H.V. and Yourstone, S.A. (1993), "Proposed design of a DSS for the justification of advanced manufacturing technologies", IEEE Transactions on Engineering Management, Vol. 404, pp. 398-402.
20. Kulak, O., Kahraman, C., Oztaysi, B. and Tanyas, M. (2005), "Multi-attribute information technology project selection using fuzzy axiomatic design", The Journal of Enterprise Information Management, Vol. 18 No. 3, pp. 275-88.
21. Lefley, F. (2004), "An assessment of various approaches for evaluating project strategic benefits: recommending the strategic index", Management Decision, Vol. 42 No. 7, pp. 850-62.
22. MacStravic, E.L. and Boucher, T.O. (1992), "A software for capital investment analysis in manufacturing", Computers & Industrial Engineering, Vol. 23 No. 4, pp. 417-21.
23. Meredith, J.R. and Hill, M.M. (1987), "Justifying new manufacturing systems: a managerial approach", Sloan Management Review, Vol. 28 No. 4, pp. 49-61.
24. Meredith, J.R. and Suresh, N.C. (1986), "Justification techniques for advanced manufacturing technologies", International Journal of Production Research, Vol. 24 No. 5, pp. 1043-57.
25. Mohanty, R.P. and Venkataraman, S. (1993), "Use of the analytic hierarchy process for selecting automated manufacturing systems", International Journal of Operations & Production Management, Vol. 13 No. 8, pp. 45-57.
26. Newman, D.G., Lavelle, J.P. and Eschenbach, T.G. (2000), Engineering Economic Analysis, Engineering Press, Austin, TX.
27. Noaker, P.M. (1994), "Can you justify change?", Manufacturing Engineering, Vol. 113 No. 6, pp. 30-5.
28. Noble, J.L. (1990), "A new approach for justifying computer-integrated manufacturing", Cost Management, Vol. 3 No. 4, pp. 14-19.
29. O'Brien, C. and Smith, S.J.E. (1993), "Design of the decision process for strategic investment in advanced manufacturing systems", International Journal of Production Economics, Vol. 30/31, pp. 309-22.
30. Oeltjenbruns, H., Kolarik, W.J. and Schnadt-Kirschner, R. (1995), "Strategic planning in manufacturing systems - AHP application to an equipment replacement decision", International Journal of Production Economics, Vol. 38, pp. 189-97.
31. Ordoobadi, S. and Mulvaney, N. (2001), "Development of a justification tool for advanced manufacturing technologies: system-wide benefit analysis", Journal of Engineering & Technology Management, Vol. 18, pp. 157-84.
32. Ordoobadi, S., Xue, Y. and Shanteau, J. (2005), "Similarity-based reasoning using proverbs in managing technological innovations for small manufacturers", International Journal of Innovation and Technology Management, Vol. 2/4, pp. 433-49.
33. Pant, S. and Ruff, L. (1995), "Issues in economic justification for flexible manufacturing systems and some guidelines for managers", Information Resources Management Journal, Vol. 8 No. 1, pp. 26-34.
34. Parsaei, H.R. and Wilhelm, M.R. (1989), "A justification methodology for automated manufacturing technologies", Computers & Industrial Engineering, Vol. 16 No. 3, pp. 363-73.
35. Parsaei, H.R., Karwowski, W., Wilhelm, M.R. and Walsh, A.J. (1988), "A methodology for economic justification of flexible manufacturing systems", Computers & Industrial Engineering, Vol. 15 Nos 1/4, pp. 117-22.
36. Presley, A., Barnett, W. and Liles, D. (1995), "A business case tool for the strategic justification of enterprise technologies", Computers & Industrial Engineering, Vol. 29 Nos 1/4, pp. 421-5.
37. Primrose, P.L. and Leonard, R. (1987), "Performing investment appraisals for advanced manufacturing technology", Cost Management, Summer, pp. 34-42.
38. Proctor, M.D. and Canada, J.R. (1992), "Past and present methods of manufacturing investment evaluation: a review", The Engineering Economist, Vol. 38 No. 1, pp. 45-58.
39. Putrus, R. (1991), "Accounting for intangibles in integrated manufacturing", Financial and Accounting Systems, Vol. 7/1, pp. 30-5.
40. Raafat, F. (2002), "A comprehensive bibliography on justification of advanced manufacturing systems", International Journal of Production Economics, Vol. 79, pp. 197-208.
41. Small, M. (2007), "Planning, justifying, and installing advanced manufacturing technology: a managerial framework", Journal of Manufacturing Technology Management, Vol. 18 No. 5, pp. 513-37.
42. Son, Y.K. (1993), "Simulation-based manufacturing accounting for modern management", Journal of Manufacturing Systems, Vol. 12 No. 5, pp. 417-27.
43. Son, Y.K. and Park, C.S. (1987), "Economic measure of productivity, quality, and flexibility in advanced manufacturing systems", Journal of Manufacturing Systems, Vol. 6 No. 3, pp. 193-207.
44. Soni, R.G., Parsaei, H.R. and Liles, D.H. (1990), "A methodology for evaluating computer integrated manufacturing technologies", Computers & Industrial Engineering, Vol. 19 Nos 1/4, pp. 210-4.
45. Sullivan, W.G. (1986), "Models IE's can use to include strategic, non-monetary factors in automation decisions", Industrial Engineering, Vol. 18 No. 3, pp. 42-50.
46. Sullivan, W.G., Bontadelli, J.A. and Wicks, E.M. (2000), Engineering Economy, Prentice-Hall, Upper Saddle River, NJ.
47. Swamidass, P.M. (1987), "Planning for manufacturing technology", Long Range Planning, Vol. 20 No. 5, pp. 125-33.
48. Swann, K. and O'Keefe, W.D. (1990), "Advanced manufacturing technology: investment decision process. Part 2", Management Decision, Vol. 28 No. 3, pp. 27-34.
49. Taguchi, G. and Hsiang, T.C. (1989), Quality Engineering in Production Systems, McGraw-Hill, New York, NY.
50. Thomaidis, N.S., Nikitakos, N. and Dounias, G. (2006), "The evaluation of information technology projects: a fuzzy multicriteria decision-making approach", International Journal of Information Technology & Decision Making, Vol. 15 No. 1, pp. 89-122.
51. Troxler, J.W. and Blank, L. (1989), "A comprehensive methodology for manufacturing system evaluation and comparison", Journal of Manufacturing Systems, Vol. 8 No. 3, pp. 175-83.
52. Weber, S.F. (1993), "A modified analytic hierarchy process for automated manufacturing decisions", Interfaces, Vol. 23 No. 4, pp. 75-84.
53. Wilkes, F.M. and Samuels, J.M. (1991), "Financial appraisal to support technological investment", Long Range Planning, Vol. 24 No. 6, pp. 60-6.
54. Parker, D. and Mobey, A. (2004), "Action research to explore perceptions of risk in project management", International Journal of Productivity and Performance Management, Vol. 53 No. 1, pp. 18-32.
55. Saleh, B., Hacker, M. and Randhawa, S. (2001), "Factors in capital decisions involving advanced manufacturing technologies", International Journal of Operations & Production Management, Vol. 21 No. 10, pp. 1265-88.