The evaluation of investments in flexible assembly system lacks of an appropriate methodology. First a brief review of decision making process regarding complex investments is given. Such decisions have to be made in the tension of hard and soft decision criteria which often produce a dilemma for the decision maker: Considering only short-term effects in terms of hard criteria will usually kill investments proposals. In contrast managers feel the need for the investment but have difficulties to justify their intuitive insights. As a possible solution a System Dynamics based approach is proposed to bridge the gap between rational and intuitive judgment. The approach combines qualitative and quantitative criteria by using a computer-aided step-by-step modelling concept.

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Date created

• 1995

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

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12420ec6bd5f758d2b4dea59aabd75a9

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Part of

6214ef14bd960d7be5cd8a816a71dc52

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives