Date

1969

Document Type

Thesis

Degree

Master of Science

Department

Industrial Engineering

First Adviser

Richardson, Wallace J.

Abstract

A simulation program is presented that develops a risk profile of the intended investment. The risk profile is essentially a return on investment probability analysis developed from the estimated distributions of costs, service life and savings of the intended investment in a computer based, on-line system. The author concludes that investments in computer based on-line operations control systems in production shops can be evaluated through use of the risk analysis or return-probability techniques given, but that conventional cash flow analysis techniques may result in overstating the probable return on investment.

Share

COinS