Open AccessInvestment appraisal of advanced manufacturing technology in the czech republic, usa and united kingdom
Author(s) -
Ladislav Hájek,
Josef Hynek,
Václav Janeček,
Frank Lefley,
Frank Wharton
Publication year - 2001
Publication title -
prague economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.233
H-Index - 17
eISSN - 2336-730X
pISSN - 1210-0455
DOI - 10.18267/j.pep.174
Subject(s) - czech , investment (military) , capital investment , business , manufacturing , capital (architecture) , capital equipment , finance , industrial organization , marketing , political science , geography , philosophy , linguistics , archaeology , politics , law
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.