Operations Research, Systems Engineering and Industrial Engineering Commons^™

Applying Group Theory For Solving Machines’ Turnovers With Capital Budgeting Approach, Hannaneh Rashidi-Bajgan, Taravatsadat Nehzati, Napsiah Ismail

Hannaneh Rashidi-Bajgan

Applying and utilizing technology in modern manufacturing systems needs to update and upgrade facilities repetitively by efficient ways to stay with great productivity along efficiency. Capital Budgeting Problem (CBP) is one of the most important issues in decision making about capital in manufacturing management; CBP determines the best investments in capital goods such as new plans, replacements, research development projects and other worth pursuing authorization subjects. This problem deals with the amount of revenues as the result of investing in the previous periods in order to maximize the amount of Net Present Value (NPV) on the decision time. Making discussions …