DocumentCode
2770685
Title
Economic justification of process improvement and automation projects
Author
Baldwin, Brian
Author_Institution
ABB Ind. Syst. Inc., Duluth, GA, USA
fYear
1997
fDate
6-8 May 1997
Abstract
Economic justification is the burden of proof for the necessity of process improvement and automation projects. Process improvement and automation projects are undertaken to achieve business objectives. The prospective project´s financial return versus the hurdle rate, and its various forms, is the primary information required to make business decisions. This paper describes the steps required to determine the financial return for a prospective project while taking into account life cycle costs
Keywords
commerce; costing; economics; investment; process control; project engineering; business decisions; business objectives; economic justification; financial return; hurdle rate; life cycle costs; process automation projects; process improvement projects; Automation; Capacity planning; Companies; Costs; Environmental economics; Environmental factors; Investments; Production; Profitability; Vehicles;
fLanguage
English
Publisher
ieee
Conference_Titel
Textile, Fiber, and Film Industry Technical Conference, 1997., IEEE 1997 Annual
Conference_Location
Greenville, SC
ISSN
1049-3328
Print_ISBN
0-7803-4090-6
Type
conf
DOI
10.1109/TEXCON.1997.598535
Filename
598535
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