Evaluation of adaptation alternatives during the implentation of AMT in small-to medium-sized firms

Abstract

Implementation is represented in the capital budgeting process as a solitary stage that begins after the decision to adopt and ends with the post-audit. For investments in advanced manufacturing technology, this belies the complexity of implementation and the financial risk. Many unexpected problems arise. The alternative solutions, with their costs and benefits, warrant rational evaluation. This study explores the process of implementation to identify what cost-benefit evaluation is done and the implications for project feasibility.