Description
it is not appropriate to think of this case as an evaluation of economic viability of a single project, explain. Based on the information provided in this case, can you use either the “total investment analysis” or the “incremental analysis”? Which method would you use and why?
What are the advantages and disadvantages of making a risky investment decision based on simulation results?
What would you consider the most difficult task in evaluating an advanced manufacturing system in general?
Sample Solution