Financial evaluation of advanced technologies in manufacturing

This thesis explores the financial evaluation of advanced technologies in manufacturing, addressing the challenges of assessing investments characterized by high uncertainty, significant capital requirements, and strategic implications. Traditional valuation methods are examined alongside specialized approaches for Advanced Manufacturing Technologies (AMTs) and real options theory. Through comprehensive case studies across diverse industries, the research demonstrates how integrating multiple valuation approaches leads to more informed investment decisions. The thesis proposes an integrated framework that combines traditional financial analysis, multi-dimensional risk assessment, real options valuation, and strategic value integration. Emerging trends in technology valuation are identified, including sustainability integration, AI applications, and Industry 4.0 considerations. Recommendations for practitioners and directions for future research are provided to enhance the financial evaluation of advanced manufacturing technologies.