Abstract
No equipment lasts forever, at least in economic terms, so the management of a company must decide to make provision for new and replacement operations. As technology progresses, the capital sums and risks involved increase so the methods of the past are not adequate for the situation of today. To tackle decision making in a systematic way requires factual information and not opinion and feelings. Business acumen is still in existence but it needs the risks analysed and cash flows estimated to make it work.
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Suggested references for further reading
Accounting in a Business Context, A. Berry and R. Jarvis, Chapman & Hall (1991).
Advanced Manufacturing Technology Management, M. Harrison, Pitman Publishing (1990).
Introduction to Cost and Management Accounting, R. Storey, Macmillan (1995).
Justifying Investment in AMT, IEE/CIMA, Kogan Page (1992).
Management Accounting for Decision Makers, G. Mott, Pitman Publishing (1991).
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© 1998 D.G. Coward
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Coward, D.G. (1998). New Investment Decisions. In: Manufacturing Management. Palgrave, London. https://doi.org/10.1007/978-1-349-13915-6_8
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DOI: https://doi.org/10.1007/978-1-349-13915-6_8
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-64777-6
Online ISBN: 978-1-349-13915-6
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