The evolution of investment patterns on advanced manufacturing technology (AMT): A longitudinal perspective

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Resumé

Taking a longitudinal perspective, this paper aims to investigate the evolution of advanced manufacturing technology (AMT) investment patterns in manufacturing companies. The data employed in this paper was collected in 2012 from production/technology/plant managers of Danish manufacturing companies. As a result, taxonomy of the evolution of AMT investment patterns is presented in this paper; contextual factors including size and industry type are also considered to investigate their association with AMT investment patterns over time; and the relationship between performance improvement and evolution of AMT investment patterns is finally elaborated. The major theoretical contributions of this paper are addressing the dynamic nature of AMT investment, examining how companies change their patterns of AMT investment over time, and developing further understandings on the evolution of AMT investment patterns per se, as well as its relationships with industry, company size, and performance improvement. Meanwhile, this paper suggests industrial managers to be aware of ever evolving technological developments and understand their own business goals before investing in AMTs, as different ways to evolve AMT investment patterns correlate with diverse performance gains. Moreover, the paper also recommends industrial managers to be patient in order to reap benefits of their AMT investments, as there is an inevitable time interval between AMT investment and its desired performance effects.
OriginalsprogEngelsk
TidsskriftInternational Journal of Production Economics
Vol/bind203
Sider (fra-til)239-253
ISSN0925-5273
DOI
StatusUdgivet - sep. 2018

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Industry
Managers
Technology investment
Advanced manufacturing technology
Taxonomies
Performance improvement
Manufacturing companies
Company performance
Company size
Taxonomy
Contextual factors
Technological development
Production technology
Investing
Correlates

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    title = "The evolution of investment patterns on advanced manufacturing technology (AMT): A longitudinal perspective",
    abstract = "Taking a longitudinal perspective, this paper aims to investigate the evolution of advanced manufacturing technology (AMT) investment patterns in manufacturing companies. The data employed in this paper was collected in 2012 from production/technology/plant managers of Danish manufacturing companies. As a result, taxonomy of the evolution of AMT investment patterns is presented in this paper; contextual factors including size and industry type are also considered to investigate their association with AMT investment patterns over time; and the relationship between performance improvement and evolution of AMT investment patterns is finally elaborated. The major theoretical contributions of this paper are addressing the dynamic nature of AMT investment, examining how companies change their patterns of AMT investment over time, and developing further understandings on the evolution of AMT investment patterns per se, as well as its relationships with industry, company size, and performance improvement. Meanwhile, this paper suggests industrial managers to be aware of ever evolving technological developments and understand their own business goals before investing in AMTs, as different ways to evolve AMT investment patterns correlate with diverse performance gains. Moreover, the paper also recommends industrial managers to be patient in order to reap benefits of their AMT investments, as there is an inevitable time interval between AMT investment and its desired performance effects.",
    keywords = "advance manufacturing technology, investment pattern, evolution, Taxonomy, longitudinal",
    author = "Cheng Yang and Matthiesen, {Rikke Vestergaard} and Sami Farooq and John Johansen and Haibo Hu and Lei Ma",
    year = "2018",
    month = "9",
    doi = "10.1016/j.ijpe.2018.06.019",
    language = "English",
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    pages = "239--253",
    journal = "International Journal of Production Economics",
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    AU - Matthiesen, Rikke Vestergaard

    AU - Farooq, Sami

    AU - Johansen, John

    AU - Hu, Haibo

    AU - Ma, Lei

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    N2 - Taking a longitudinal perspective, this paper aims to investigate the evolution of advanced manufacturing technology (AMT) investment patterns in manufacturing companies. The data employed in this paper was collected in 2012 from production/technology/plant managers of Danish manufacturing companies. As a result, taxonomy of the evolution of AMT investment patterns is presented in this paper; contextual factors including size and industry type are also considered to investigate their association with AMT investment patterns over time; and the relationship between performance improvement and evolution of AMT investment patterns is finally elaborated. The major theoretical contributions of this paper are addressing the dynamic nature of AMT investment, examining how companies change their patterns of AMT investment over time, and developing further understandings on the evolution of AMT investment patterns per se, as well as its relationships with industry, company size, and performance improvement. Meanwhile, this paper suggests industrial managers to be aware of ever evolving technological developments and understand their own business goals before investing in AMTs, as different ways to evolve AMT investment patterns correlate with diverse performance gains. Moreover, the paper also recommends industrial managers to be patient in order to reap benefits of their AMT investments, as there is an inevitable time interval between AMT investment and its desired performance effects.

    AB - Taking a longitudinal perspective, this paper aims to investigate the evolution of advanced manufacturing technology (AMT) investment patterns in manufacturing companies. The data employed in this paper was collected in 2012 from production/technology/plant managers of Danish manufacturing companies. As a result, taxonomy of the evolution of AMT investment patterns is presented in this paper; contextual factors including size and industry type are also considered to investigate their association with AMT investment patterns over time; and the relationship between performance improvement and evolution of AMT investment patterns is finally elaborated. The major theoretical contributions of this paper are addressing the dynamic nature of AMT investment, examining how companies change their patterns of AMT investment over time, and developing further understandings on the evolution of AMT investment patterns per se, as well as its relationships with industry, company size, and performance improvement. Meanwhile, this paper suggests industrial managers to be aware of ever evolving technological developments and understand their own business goals before investing in AMTs, as different ways to evolve AMT investment patterns correlate with diverse performance gains. Moreover, the paper also recommends industrial managers to be patient in order to reap benefits of their AMT investments, as there is an inevitable time interval between AMT investment and its desired performance effects.

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    KW - investment pattern

    KW - evolution

    KW - Taxonomy

    KW - longitudinal

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