IN THE PROCESS OF DECIDING WHAT A NEW PIECE OF EQUIPMENT WILL CONTRIBUTE TO MANUFACTURING, CRUCIAL MOMENT IS EVENTUALY REACHED WHEN ITS ECONOMIC IMPACT IS CALCULATED, WHAT IT WILL COST, ITS PAYBACK PERIOD AND ITS RETURN ON INVESTMENT. ECONOMIC JUSTIFICATION, THEN, BECOMES THE CORNERSTONE IN COMPETITIVENESS AND PLAN FOR GROWTH. THIS PAPER EXAMINES WAYS OF DETERMINING BOTH HIDDEN PROFITS AND COSTS WHEN AN EQUIPMENT ECONOMIC ANALYSIS IS DEVELOPED.
| Number of Pages : | 7 |
| Published : | 06/01/1990 |
