The costs and benefits that are likely to result from a decision to invest in advanced manufacturing technology will obviously depend upon the nature of the investment that is made. For example, the elements involved in a decision to invest in CAD will be totally different, in terms of the types of costs and benefits affected, to the elements involved in a decision to invest in CNC machines. However, it is possible to identify factors which may be beneficially affected in a general way by investment in new technology. Some of these factors may be especially difficult to quantify, and thus to incorporate into a financial appraisal. Nevertheless, if nothing else, appreciation of the factors relevant to justification may help to increase the awareness of opportunities.
KeywordsCash Flow Advanced Manufacturing Technology Financial Consideration Market Factor Fixed Asset Investment
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