Development of a two-stage advanced manufacturing technology option selection model to use in Turkish manufacturing companies Online publication date: Thu, 21-May-2015
by Yusuf Tansel İç; Mustafa Yurdakul
J. for Global Business Advancement (JGBA), Vol. 8, No. 2, 2015
Abstract: Limited capital resources force manufacturing companies in Turkey to use systematic and thorough selection models in making their investment decisions in advanced manufacturing technologies (AMTs). Various AMT selection models are available in the literature. However, the authors' literature survey and discussions with the potential buyers of AMTs showed that there is still a need for a selection model, which should provide an optimal set of AMT options and consider strategic benefits along with financial and other constraints in a multi-level model. This study aims to develop such an AMT option selection model by obtaining the contributions of the AMT options into a manufacturing company's competitive strategy in its first level, and then incorporating them into a GP model along with financial and other constraints to select an AMT option set in its second level. A real-world case study is developed to illustrate the application of the proposed model.
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