Economic justification of technology-based investments

Yeliz Olzap Tuncer; Thomas P. Cullinane

doi:10.1117/12.455270

11 February 2002 Economic justification of technology-based investments

Yeliz Olzap Tuncer, Thomas P. Cullinane

Proceedings Volume 4569, Environmentally Conscious Manufacturing II; (2002) https://doi.org/10.1117/12.455270
Event: Intelligent Systems and Advanced Manufacturing, 2001, Boston, MA, United States

Abstract

This paper examines a range of problems associated with justifying investments in Manufacturing Technology and Information Technology. The appraisal of high technology projects is rather complicated in that the true costs and benefits of such strategic investments are hard to capture with conventional methods of economic decision making. This paper reviews the financial criteria currently used in practice and pinpoints why these criteria might be misleading. It is demonstrated in the paper that qualitative factors very often are the most influential factors to be considered when attempting to justify alternative investments that are environmentally responsible.

Citation Download Citation

Yeliz Olzap Tuncer and Thomas P. Cullinane "Economic justification of technology-based investments", Proc. SPIE 4569, Environmentally Conscious Manufacturing II, (11 February 2002); https://doi.org/10.1117/12.455270

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