Parts: I. Strategic and Design Issues in Investment Analysis. A new paradigm for engineering economy (W.G. Sullivan). Selecting techniques for the financial justification of advanced manufacturing technologies: A contingent approach (G. Azzone et al.). II. Costing Methods in Engineering and Financial Analysis. Activity-based cost management systems in an advanced manufacturing environment (H.R. Liggett et al.). Cost accounting and the justification of advanced manufacturing technologies (U. Roy, D. Slocum). Switching rules for DFM cost estimating (P.F. Ostwald, V.S. Sathyamoorthy). A multi-attribute simulation paradigm for the justification of FMS (J.J. Kim, R.F. Perry). III. Processes for Qualitative and Quantitative Evaluation of Investment Worth. A critical review of project analysis techniques (R.E. Terry et al.). Economic methods for evaluating investments in advanced technologies (J.P. Lavelle, H.R. Liggett). The evolution to strategic justification of advanced manufacturing systems (J. Sarkis). A classification scheme for traditional and non-traditional approaches to the economic justification of advanced automated manufacturing systems (S. Kolli et al.). Utility based justification of advanced manufacturing technology (A.B. Badiru, B.L. Foote). Integrating financial, strategic and tactical factors in advanced manufacturing system technology investment decisions (J.G. Demmel, R.G. Askin). Measuring uncertainty and risk in CIMS environments (J.R. Buck). IV. Case Studies. Justification of high-technology manufacturing equipment: A case study on robotics (N.L. Mills, A.M. Suazo). A generic welding cell justification and planning process (N. Nasr, S. Dodson). Economics of design: Product design for manufacture - A case study (J.T. Luxhoj). Author index. Subject index.