Equipment replacement: an integration view
Date
1989
Authors
Meyer, Bradley
Major Professor
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Gerald Smith
Way Kuo
Committee Member
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Industrial and Manufacturing Systems Engineering
The Department of Industrial and Manufacturing Systems Engineering teaches the design, analysis, and improvement of the systems and processes in manufacturing, consulting, and service industries by application of the principles of engineering. The Department of General Engineering was formed in 1929. In 1956 its name changed to Department of Industrial Engineering. In 1989 its name changed to the Department of Industrial and Manufacturing Systems Engineering.
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Industrial and Manufacturing Systems Engineering
Abstract
Economic models for equipment replacement have been criticized for their inability to adequately capture the economic benefits of investments in modern technological equipment. In this paper, new models are developed that integrate the factors of machine utilization, interactions of equipment in a manufacturing system, and the manufacturing system's influence on product demand into the economic analysis process.
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Sun Jan 01 00:00:00 UTC 1989