Application of outranking methods to economic and financial justificaton of CIM systems

Traditional economic evaluation methods concentrate on maximizing or minimizing a single objective such as net present value and pay back period. In the last decade, there has been an increased awareness of the need to consider multiple attributes in the evaluation of advanced manufacturing systems. Various methods have recently been developed for the evaluation of CIM systems. This paper discusses multiattribute methods for justification of CIM systems and outranking methods including ELECTRE, ORESTE, and PROMETHEE.