IDEAS home Printed from https://ideas.repec.org/a/eee/proeco/v203y2018icp239-253.html
   My bibliography  Save this article

The evolution of investment patterns on advanced manufacturing technology (AMT) in manufacturing operations: A longitudinal analysis

Author

Listed:
  • Cheng, Yang
  • Matthiesen, Rikke
  • Farooq, Sami
  • Johansen, John
  • Hu, Haibo
  • Ma, Lei

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.

Suggested Citation

  • Cheng, Yang & Matthiesen, Rikke & Farooq, Sami & Johansen, John & Hu, Haibo & Ma, Lei, 2018. "The evolution of investment patterns on advanced manufacturing technology (AMT) in manufacturing operations: A longitudinal analysis," International Journal of Production Economics, Elsevier, vol. 203(C), pages 239-253.
    • Handle: RePEc:eee:proeco:v:203:y:2018:i:c:p:239-253
    DOI: 10.1016/j.ijpe.2018.06.019
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0925527318302639
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ijpe.2018.06.019?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Zhou, Honggeng & Keong Leong, G. & Jonsson, Patrik & Sum, Chee-Chuong, 2009. "A comparative study of advanced manufacturing technology and manufacturing infrastructure investments in Singapore and Sweden," International Journal of Production Economics, Elsevier, vol. 120(1), pages 42-53, July.
    2. Diamantopoulos, Adamantios & Riefler, Petra & Roth, Katharina P., 2008. "Advancing formative measurement models," Journal of Business Research, Elsevier, vol. 61(12), pages 1203-1218, December.
    3. Coltman, Tim & Devinney, Timothy M. & Midgley, David F. & Venaik, Sunil, 2008. "Formative versus reflective measurement models: Two applications of formative measurement," Journal of Business Research, Elsevier, vol. 61(12), pages 1250-1262, December.
    4. Jarvis, Cheryl Burke & MacKenzie, Scott B & Podsakoff, Philip M, 2003. "A Critical Review of Construct Indicators and Measurement Model Misspecification in Marketing and Consumer Research," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 30(2), pages 199-218, September.
    5. Zvi Eckstein & Ron Shachar, 2007. "Correcting for bias in retrospective data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(3), pages 657-675.
    6. O'Brien, C. & Smith, S. J. E., 1993. "Design of the decision process for strategic investment in advanced manufacturing systems," International Journal of Production Economics, Elsevier, vol. 30(1), pages 309-322, July.
    7. Chung, K.B., 1991. "Deriving advantages from advanced manufacturing technology -- an organizing paradigm," International Journal of Production Economics, Elsevier, vol. 25(1-3), pages 13-21.
    8. F. Tao & Y. Cheng & L. Zhang & A. Y. C. Nee, 2017. "Advanced manufacturing systems: socialization characteristics and trends," Journal of Intelligent Manufacturing, Springer, vol. 28(5), pages 1079-1094, June.
    9. de Jong, Jeroen P.J. & Marsili, Orietta, 2006. "The fruit flies of innovations: A taxonomy of innovative small firms," Research Policy, Elsevier, vol. 35(2), pages 213-229, March.
    10. Jeffrey G. Miller & Aleda V. Roth, 1994. "A Taxonomy of Manufacturing Strategies," Management Science, INFORMS, vol. 40(3), pages 285-304, March.
    11. Swamidass, Paul M., 2003. "Modeling the adoption rates of manufacturing technology innovations by small US manufacturers: a longitudinal investigation," Research Policy, Elsevier, vol. 32(3), pages 351-366, March.
    12. Merschmann, Ulf & Thonemann, Ulrich W., 2011. "Supply chain flexibility, uncertainty and firm performance: An empirical analysis of German manufacturing firms," International Journal of Production Economics, Elsevier, vol. 130(1), pages 43-53, March.
    13. Small, Michael H. & Chen, Injazz J., 1997. "Economic and strategic justification of AMT inferences from industrial practices," International Journal of Production Economics, Elsevier, vol. 49(1), pages 65-75, March.
    14. Kenneth K. Boyer, 1999. "Evolutionary Patterns of Flexible Automation and Performance: A Longitudinal Study," Management Science, INFORMS, vol. 45(6), pages 824-842, June.
    15. Hua Tan, Kim & Peng Lim, Chee & Platts, Ken & Shen Koay, Hooi, 2006. "An intelligent decision support system for manufacturing technology investments," International Journal of Production Economics, Elsevier, vol. 104(1), pages 179-190, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Culot, Giovanna & Nassimbeni, Guido & Orzes, Guido & Sartor, Marco, 2020. "Behind the definition of Industry 4.0: Analysis and open questions," International Journal of Production Economics, Elsevier, vol. 226(C).
    2. Juan Feller & Alejandro F Mac Cawley & Jorge A Ramos-Grez & Iván La Fé-Perdomo, 2021. "Determining optimal laser-beam cutting equipment investment through a robust optimization modeling approach," PLOS ONE, Public Library of Science, vol. 16(7), pages 1-24, July.
    3. Gillani, Fatima & Chatha, Kamran Ali & Sadiq Jajja, Muhammad Shakeel & Farooq, Sami, 2020. "Implementation of digital manufacturing technologies: Antecedents and consequences," International Journal of Production Economics, Elsevier, vol. 229(C).
    4. Mariani, Marcello & Borghi, Matteo, 2019. "Industry 4.0: A bibliometric review of its managerial intellectual structure and potential evolution in the service industries," Technological Forecasting and Social Change, Elsevier, vol. 149(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sarstedt, Marko & Wilczynski, Petra & Melewar, T.C., 2013. "Measuring reputation in global markets—A comparison of reputation measures’ convergent and criterion validities," Journal of World Business, Elsevier, vol. 48(3), pages 329-339.
    2. Zhuomin Shi & Zaoying Kuang & Ning Yang, 2017. "Why it is hard to explain Chinese face?—FACE measurement models and its influence on ecological product preference," Frontiers of Business Research in China, Springer, vol. 11(1), pages 1-22, December.
    3. John S. Hill & Myung-Su Chae & Jinseo Park, 2012. "The Effects of Geography and Infrastructure on Economic Development and International Business Involvement," Journal of Infrastructure Development, India Development Foundation, vol. 4(2), pages 91-113, December.
    4. Rodríguez-Pinto, Javier & Carbonell, Pilar & Rodríguez-Escudero, Ana I., 2011. "Speed or quality? How the order of market entry influences the relationship between market orientation and new product performance," International Journal of Research in Marketing, Elsevier, vol. 28(2), pages 145-154.
    5. Sarstedt, Marko & Hair, Joseph F. & Ringle, Christian M. & Thiele, Kai O. & Gudergan, Siegfried P., 2016. "Estimation issues with PLS and CBSEM: Where the bias lies!," Journal of Business Research, Elsevier, vol. 69(10), pages 3998-4010.
    6. Grahame R. Dowling & Tayo Otubanjo, 2011. "Corporate and organizational identity: two sides of the same coin," AMS Review, Springer;Academy of Marketing Science, vol. 1(3), pages 171-182, December.
    7. Jeffrey G. Covin & William J. Wales, 2012. "The Measurement of Entrepreneurial Orientation," Entrepreneurship Theory and Practice, , vol. 36(4), pages 677-702, July.
    8. Matteo Mazziotta & Adriano Pareto, 2019. "Use and Misuse of PCA for Measuring Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(2), pages 451-476, April.
    9. Chandler, Gaylen N. & DeTienne, Dawn R. & McKelvie, Alexander & Mumford, Troy V., 2011. "Causation and effectuation processes: A validation study," Journal of Business Venturing, Elsevier, vol. 26(3), pages 375-390, May.
    10. Baxter, Roger, 2009. "Reflective and formative metrics of relationship value: A commentary essay," Journal of Business Research, Elsevier, vol. 62(12), pages 1370-1377, December.
    11. Dastane, Omkar & Goi, Chai Lee & Rabbanee, Fazlul, 2023. "The development and validation of a scale to measure perceived value of mobile commerce (MVAL-SCALE)," Journal of Retailing and Consumer Services, Elsevier, vol. 71(C).
    12. Schweiger, & Baldauf,, 2016. "„Entrepreneurial Orientation“: Eine Bestandsaufnahme der Konstruktschärfe," Die Unternehmung - Swiss Journal of Business Research and Practice, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 70(4), pages 423-447.
    13. Bèzes, Christophe, 2014. "Definition and psychometric validation of a measurement index common to website and store images," Journal of Business Research, Elsevier, vol. 67(12), pages 2559-2578.
    14. Jaap Sok & Joao Rossi Borges & Peter Schmidt & Icek Ajzen, 2021. "Farmer Behaviour as Reasoned Action: A Critical Review of Research with the Theory of Planned Behaviour," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(2), pages 388-412, June.
    15. Corrado Crocetta & Laura Antonucci & Rosanna Cataldo & Roberto Galasso & Maria Gabriella Grassia & Carlo Natale Lauro & Marina Marino, 2021. "Higher-Order PLS-PM Approach for Different Types of Constructs," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(2), pages 725-754, April.
    16. Kusa, Rafał & Suder, Marcin & Duda, Joanna, 2023. "Impact of greening on performance in the hospitality industry: Moderating effect of flexibility and inter-organizational cooperation," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    17. Deng, Qian (Claire) & Messinger, Paul R., 2022. "Dimensions of brand-extension fit," International Journal of Research in Marketing, Elsevier, vol. 39(3), pages 764-787.
    18. Claudio Vitari & Elisabetta Raguseo, 2016. "Big data value and financial performance: an empirical investigation [Digital data, dynamic capability and financial performance: an empirical investigation in the era of Big Data]," Post-Print halshs-01923271, HAL.
    19. Joseph A Crawford & Sarah Dawkins & Angela Martin & Gemma Lewis, 2020. "Putting the leader back into authentic leadership: Reconceptualising and rethinking leaders," Australian Journal of Management, Australian School of Business, vol. 45(1), pages 114-133, February.
    20. Panagopoulos, Nikolaos G. & Avlonitis, George J., 2010. "Performance implications of sales strategy: The moderating effects of leadership and environment," International Journal of Research in Marketing, Elsevier, vol. 27(1), pages 46-57.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:proeco:v:203:y:2018:i:c:p:239-253. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ijpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.