In 1962 Aro Corp formed Manufacturing Research Section within manufacturing operations, assigned to study manufacturing processes and techniques for opportunities to improve and to grow; task of section is to conduct all justification studies for manufacturing operations; key people have been subjected to training programs in techniques and philosophies of economic justification such as MAPI formula, Profitability Index, Discounted Cash Flow Method, etc; requirements established by Aro for Economic Justification Study Report are outlined and justification procedure is described; principles of approach which are being applied in relatively small company are suitable for larger firms.
Shaping economic justification procedures
SAE -- Paper
SAE Meeting ; 1966 Costs
1966
10 pages
Conference paper
English
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Shaping Economic Justification Procedures
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