International Journal of Industrial Engineering & Production Management

  The competition enhancement and demand increases have directed many producers to employ advanced manufacturing technologies. For this purpose, the selection of best alternative among various manufacturing technologies is the topic of high importance. Many articles have discussed the insufficiency of general financial measures for investment justification in advanced manufacturing technologies. Many analysts have claimed that at the time of reviewing various alternatives, in addition to the economical measures, it is highly important that strategic measures of quality, productivity, and flexibility enhancement that are not of quantity type also take into consideration. To economically evaluate various manufacturing technologies, a linear programming model with stochastic constraints is suggested in this article. With this model, we can calculate the present worth of each of present projects by taking their characteristics of productivity and quality, for instance, into consideration. Thereafter, with the help of a fuzzy multi criterion decision making model, where its criterions are a mix of strategic objectives and economical criterions, the best alternative will be selected.