Journal of Manufacturing Technology Management
Scope and Definition of Manufacturing - Production Management
Creaky Machinery: How to Get the Most Out of Your Aging Factory
Sep 18, 2014 John Mills
Identify the cost of operating the old machine.
Estimate your savings with minor repairs. Figure out whether the repair would pay enough to justify the effort required. Do an engineering economic study for a new machine or challenger. Would you be better off buying the new machinery.
Remember if economics is compelling finance will come.
A Simple Guide for Manufacturers on When to Choose a Robot
BY RACHEL GREENBERG ON JUNE 3, 2014