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Proceedings Paper

Economic justification of technology-based investments
Author(s): Yeliz Olzap Tuncer; Thomas P. Cullinane
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Paper 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.

Paper Details

Date Published: 11 February 2002
PDF: 12 pages
Proc. SPIE 4569, Environmentally Conscious Manufacturing II, (11 February 2002); doi: 10.1117/12.455270
Show Author Affiliations
Yeliz Olzap Tuncer, Northeastern Univ. (United States)
Thomas P. Cullinane, Northeastern Univ. (United States)

Published in SPIE Proceedings Vol. 4569:
Environmentally Conscious Manufacturing II
Surendra M. Gupta, Editor(s)

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