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Model for the Valuation of a Technology Established in a Manufacturing System
G. Schuha, J. Schubertb, M. Wellensiekb
Abstract
The valuation of technologies is necessary in many situations. These vary from investments in machinery to manufacture developed products to the selection of new production technologies to fulfill customer demands. In this paper we present the current version of the developed model for the valuation of a technology in a manufacturing system. The model focuses on technology-related objectives of the manufacturing system and the link to relevant characteristics of manufacturing technologies. The valuation model of this on-going research allows to quantify, measure and assess consequences of the application of a specific technology and its value contribution to the manufacturing system
Keywords: Technology Valuation; Technology Assessment; Manufacturing Systems Planning; Performance Measurement
1. Introduction
In many cases, manufacturing technology is a key driver for product innovation, for cost-reduction in the production process or for fulfillment of customer demands concerning quality or sustainability. Therefore, the assessment and selection of technologies capable to manufacture the firm’s current and future products is an important process in technology management [1]. After the identification of new technologies, the assessment and selection can be supported by portfolio methods, scenario-based methods, expert judgment, pilot studies or financial methods. Within the technology assessment process, technology valuation aims at the determination of the economic value of a technology. The valuation of manufacturing technologies is often difficult, not only because the selection of one specific technology affects the whole manufacturing process chain. Moreover, the value-contribution of the technology to the manufacturing system influences the manufacturing performance. As depicted in Fig 1, on one hand,technology and manufacturing
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