ADVANCED MANUFACTURING TECHNOLOGY JUSTIFICATION FOR AN OEM COMPANY WITHIN AXIOMATIC DESIGN FRAMEWORK

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MOSTAFAVI M.; Rahbari Ganjeh S.

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Journal Paper

Paper Information

Journal: INDUSTRIAL ENGINEERING & MANAGEMENT SHARIF (SHARIF: ENGINEERING) Year:2018 | Volume:34-1 | Issue:1/2 Page(s): 89-99

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Information Journal Paper

Title

ADVANCED MANUFACTURING TECHNOLOGY JUSTIFICATION FOR AN OEM COMPANY WITHIN AXIOMATIC DESIGN FRAMEWORK

Author(s)

MOSTAFAVI M. | Rahbari Ganjeh S. | Issue Writer Certificate

Keywords

Computer integrated manufacturing (CIM)Q1

advanced manufacturing technology (AMT)Q1

justi cationQ2

axiomatic design (AD)Q1

Abstract

Today, in many industrial sectors, technology has made significant progress. Investing in advanced manufacturing technologies, especially in computer-integrated manufacturing systems, is essential in order to survive in a competitive environment, improve performance, respond to demand fluctuations, and increase customer satisfaction. With available technologies and systems in computer integrated manufacturing (CIM) and its related technologies, the application of CIM in manufacturing enterprises is a reality and can meet the need of complicated manufacturing environment. Implementation of these systems brings many tangible and intangible benefits. However, according to several factors that must be considered in the evaluation process, justification of these systems is complex and difficult. The traditional justification methods, such as net present value (NPV) and return on investment (ROI) for the evaluation of these systems, are not sufficient; the substantial benefits of advanced manufacturing technologies, such as quality and flexibility, go undetected with these methods. Yet, the justification of investment in these systems is one of the many challenges facing managers in the manufacturing industries today. In this paper, the existing approaches to assessment and justification of advanced manufacturing technologies are reviewed. Using axiomatic design theory as a tool for the systematic design, a comprehensive framework to justify the investment is provided. Taking into account the economic and strategic considerations, this framework encompasses the important aspects required for a complex decision-making and analysis. Also, it is shown that using a four-step procedure, intangible benefits can be made tangible. Finally, based on the proposed framework, a case study considered and the decision to implement advanced manufacturing technology has been evaluated. The paper lists intangible benefits that are important in ERP projects and demonstrates economic and strategic justification of this system. At the strategic level, analytic hierarchy process and The Expert choice 11 were used as tools for project evaluation, followed by the economic analysis required for justification.

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APA: Copy

MOSTAFAVI, M., & Rahbari Ganjeh, S.. (2018). ADVANCED MANUFACTURING TECHNOLOGY JUSTIFICATION FOR AN OEM COMPANY WITHIN AXIOMATIC DESIGN FRAMEWORK. INDUSTRIAL ENGINEERING & MANAGEMENT SHARIF (SHARIF: ENGINEERING), 34-1(1/2 ), 89-99. SID. https://sid.ir/paper/107689/en

Vancouver: Copy

MOSTAFAVI M., Rahbari Ganjeh S.. ADVANCED MANUFACTURING TECHNOLOGY JUSTIFICATION FOR AN OEM COMPANY WITHIN AXIOMATIC DESIGN FRAMEWORK. INDUSTRIAL ENGINEERING & MANAGEMENT SHARIF (SHARIF: ENGINEERING)[Internet]. 2018;34-1(1/2 ):89-99. Available from: https://sid.ir/paper/107689/en

IEEE: Copy

M. MOSTAFAVI, and S. Rahbari Ganjeh, “ADVANCED MANUFACTURING TECHNOLOGY JUSTIFICATION FOR AN OEM COMPANY WITHIN AXIOMATIC DESIGN FRAMEWORK,” INDUSTRIAL ENGINEERING & MANAGEMENT SHARIF (SHARIF: ENGINEERING), vol. 34-1, no. 1/2 , pp. 89–99, 2018, [Online]. Available: https://sid.ir/paper/107689/en

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