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The impact of deterioration and obsolescence on the optimal introduction of new manufacturing technology
Abstract
Decisions regarding capital investments are among the most important that managers of a firm must make. An analysis must be made first of markets, pricing, costs, and other factors which influence the expected outcome of any proposed investment. Capacity planning decisions are affected by investment decisions. These decisions, large and small, directly influence the success of a company and require the appropriate commitment of substantial resources over long periods of time. The purpose of capacity planning models is to help determine the amounts and kinds of capacity appropriate under varying types of demand and cost restrictions. Recently the maximization of present worth subject to physical constraints is the common criterion used in evaluating the proper capacity policy. Failure of industry to recognize the economic life of its productive facilities and to replace them on time can have regrettable consequences. This research is dedicated to the development of economic decision rules for the medium to long run capacity planning of new manufacturing technology with different maintenance strategies under physical deterioration and obsolescence.
Subject Area
Industrial engineering|Operations research
Recommended Citation
Abedian-Dehaghani, Abbas, "The impact of deterioration and obsolescence on the optimal introduction of new manufacturing technology" (1989). Doctoral Dissertations Available from Proquest. AAI9022656.
https://scholarworks.umass.edu/dissertations/AAI9022656