Write 5 pages thesis on the topic investments in computer integrated manufacturing technology. To come to a proper and informed understanding, we truly must examine and thoroughly discuss several matters in particular, and this means that the following questions should be properly addressed:
1. What are the benefits of CIM?
2. Why Might DCF Methods not consider these benefits when evaluating CIM investments?
3. What are the major technical issues that have led to the misapplication of the DCF analysis and benefits related to investments in CIM technology?
4. What is the use of the analytical hierarchy process in regards to the evaluation of investments in CIM technology?
By thoroughly realizing and examining these questions that need to be addressed, then we will be able to come to a much more informed and understanding viewpoint on this subject matter at hand, and as well we will be able to thus come up with new and innovative strategies in regards to what methods and means should be taken to put a more positive spin on this matter overall.
There are truly many different benefits when we speak of the term CIM (computer-integrated manufacturing) issues, and what CIM really needs to be properly understood before any further measures can be taken in this regard. In all actuality, CIM is “a manufacturing philosophy in which the functions for the organization, from product definition to the disposition of the final product, are achieved using a computer, communication, and information technologies” (Wikipedia, 2007). There are three different components that are considered and known as being essential in regards to the implementation of flexible design and manufacturing in this regards, and this includes that of the following three components: the means for data storage, retrieval, manipulation, and presentation. the mechanisms by which to sense state and modify substance. and lastly, the methodologies by which to unite them.