Investment appraisal of advanced manufacturing technology in the czech republic, usa and united kingdom

Ladislav Hájek, Josef Hynek, Václav Janeček, Frank Lefley and Frank Wharton

Prague Economic Papers, 2001, vol. 2001, issue 2

Abstract: The results of a survey large Czech manufacturing companies are presented which shows the current levels of investment in advanced manufacturing technology (AMT), the techniques and criteria used to assess AMT capital projects, and attitudes to the need for further investment. Comparisons are made with the results of earlier identical surveys in the UK and the USA. The comparisons reveal numerous statistically significant differences. The current levels of AMT investment in the Czech Republic are relatively low, the techniques used for evaluation relatively unsophisticated, the investment criteria used are more short term, and there is less concern about the need for AMT.

Keywords: investment; advanced manufacturing technology; investment appraisal (search for similar items in EconPapers)
Date: 2001
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DOI: 10.18267/j.pep.174

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