Abstract
Considering the large sums of money required to implement advanced manufacturing technologies (AMT), management must carry out appropriate evaluations and then make critical decisions. Traditional justification methods are insufficient by themselves because they cannot cope with benefits, such as flexibility and enhanced quality, offered by AMT. Selection and justification processes for AMT involve complex problems and require extensive analysis of a large number of criteria. An appropriate decision-making procedure for justification of AMT requires consideration of both economic and non-economic investments. An analytical model is presented for the selection of a rapid prototyping (RP) system from a set of mutually exclusive decision alternatives. The proposed model is based on the analytic hierarchy process (AHP) along with the Expert Choice software and it provides the means for integrating economic with non-economic benefits. A numerical example illustrates an application of the proposed model.
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Gad El Mola, K.M., Parsaei, H.R., Leep, H.R. (2006). Economic Analysis of Rapid Prototyping Systems. In: Kamrani, A., Nasr, E.A. (eds) Rapid Prototyping. Manufacturing Systems Engineering Series, vol 6. Springer, Boston, MA. https://doi.org/10.1007/0-387-23291-5_12
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