PERFORMANCE VALUE ANALYSIS FOR JUSTIFICATION OF GREEN MANUFACTURING SYSTEMS

Abstract

Green Manufacturing Systems (GMS) has attracted the attention of organizations all over the world. There is a general challenge offered to the field of engineering economics by the introduction of green manufacturing systems as, typically, the traditional approaches do not account for the significant intangible benefits offered by GMS. In this paper, an attempt has been made to overcome the above-mentioned deficiencies by presenting a multi attribute decision model — Performance Value Analysis (PVA) — for the justification of green manufacturing systems. The usefulness of the model is demonstrated through an illustrative example. The results clearly show that the implementation of green manufacturing systems offers far better competitive advantages over the non-green manufacturing systems.