On the Applicability of Analytical Techniques for the Selection of AMTs in Small-Medium Sized Firms

On the Applicability of Analytical Techniques for the Selection of AMTs in Small-Medium Sized Firms The appraisal and selection of investments in advanced manufacturing technologies (AMTs) have received a considerable attention in the literature over the last decade. In particular, many articles, after highlighting the major shortcomings of traditional financial techniques when applied to the analysis of AMTs, have proposed alternative approaches, such as modified discounted cash flow techniques, strategic approaches and multi-attribute decision making methods. However, little attention has so far been paid to the applicability of such "non-conventional" approaches to small-medium sized firms (SMFs). This omission is particular critical for two reasons. First, in most SMFs the decision to adopt a given AMT is usually not supported by any technique, but is based rather on an "act of faith" in a new technology on the part of the entrepreneur. Second, there are some non-conventional techniques that seem particularly suitable for SMFs, in that they do not require major financial and strategic competencies or complex information and planning systems. This article seeks to increase the awareness of major non-conventional approaches among the owners and managers of SMFs and analyse critically the applicability of such approaches. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Small Business Economics Springer Journals

On the Applicability of Analytical Techniques for the Selection of AMTs in Small-Medium Sized Firms

Loading next page...
 
/lp/springer_journal/on-the-applicability-of-analytical-techniques-for-the-selection-of-CSyNV46HCf
Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1998 by Kluwer Academic Publishers
Subject
Business and Management; Management; Microeconomics; Entrepreneurship; Industrial Organization
ISSN
0921-898X
eISSN
1573-0913
D.O.I.
10.1023/A:1007910604885
Publisher site
See Article on Publisher Site

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial