Make or Buy Analysis (1993)
Abstract
One of the initial steps to set up operations in a new plant or for a new product is selection of equipment. But before one proceeds to select the equipment that is essential for manufacturing and assembling the designed product, it is necessary to perform a preliminary make-or-buy analysis to determine what can and should be produced in the plant. This is an important step because these decisions often are based on hunch rather than objective reasoning.
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