Master of Science
Wallace J. Richardson
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.
Goodbarn, James V., "A method of estimating the value of a computer based on-line operations control system in a production shop" (1969). Theses and Dissertations. 3781.