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Hello,

I am a final year student at Edinburgh Napier University researching capital investment appraisal for my dissertation. You are invited to participate in a survey designed to research the usage of investment appraisal techniques in manufacturing companies. In this survey, approximately 200 companies will be asked to complete a survey that asks questions about Advanced Manufacturing Technology investments, knowledge of various appraisal techniques and opinions about the importance of intuition in decision making. It will take no more than 10 minutes to complete the questionnaire.

Your participation in this study is completely voluntary. There are no foreseeable risks associated with this project. However, if you feel uncomfortable answering any questions, you can withdraw from the survey at any point. It is very important for me to learn your opinions.

Your survey responses will be strictly confidential and data from this research will be reported only in the student's dissertation. Your information will be coded, anonymised and will remain confidential. If you have questions at any time about the survey or the procedures, you may contact Suzanne Mills by email at [email protected].

Thank you very much for your time and support. Please start with the survey now by clicking on the Continue button below.

 
 
 
* Has your company introduced any Advanced Manufacturing Technology (such as Computer Aided Design, robotics, automation, custom manufacturing technology, etc.) within the last 10 years?
 
Yes
 
No
 
 
 
If AMT has been introduced, which of these financial techniques (if any) have been used in the decision making processes within your company?

Select as many as necessary.
 
Not Applicable
 
Payback Period Calculation
 
Accounting Rate of Return Calculation
 
Net Present Value Calculation
 
Internal Rate of Return Calculation
 
Real Options Calculations
 
Other
 

 
 
 
What is the main reason for using this/these technique(s)?
 
Did Not Use Financial Techniques
 
Company Written Policy
 
Tradition/Been Used In Past
 
Personal Familiarity
 
Management Familiarity/Request
 
Other
 
 
 
Please indicate your level of familiarity with the following investment appraisal techniques:
Use Within Company Very Familiar But Not Used In Company Slightly Familiar Never Heard Of
* Internal Rate of Return
* Payback Period
* Accounting Rate of Return
* Net Present Value
* Multi Attribute Decision Model
* Analytical Hierarchy Process
* Financial Appraisal Profile
* Real Options
 
 
Are there any plans for your company to use the following techniques in the future?
Already Use Yes Maybe No - Unfamiliar Technique No - Too Complicated No - No Benefit To Using
* Internal Rate of Return
* Payback Period
* Accounting Rate of Return
* Net Present Value
* Multi Attribute Decision Model
* Analytical Hierarchy Process
* Financial Appraisal Profile
* Real Options
 
 
 
* If your company uses traditional techniques such as Payback or Net Present Value, how do you take into account the risk of a project (if at all)?

Select as many as necessary.
 
Do Not Use Such Techniques
 
Probabilities
 
Sensitivity Analysis
 
Risk Adjusted Discount Rates
 
Other
 

 
 
 
* How important do you feel judgement/previous experience/intuition or 'gut feeling' is when making decisions about investments such as Advanced Manufacturing Technology?
 
Most Important Decision Factor (i.e. the decision should be based on it)
 
Very Important
 
Important
 
Not Very Important
 
Not Important At All (i.e. it should not be taken into account)
 
 
 
* Which technique do you feel provides the best information for investment decisions?
 
Internal Rate of Return
 
Payback Period
 
Accounting Rate of Return
 
Net Present Value
 
Sensitivity Analysis
 
Multi Attribute Decision Model
 
Analytical Hierarchy Process
 
Financial Appraisal Profile
 
Real Options
 
Subjective Judgement
 
Other
 
 
 
 
* Please indicate whether or not you would consent to being contacted for follow up questions, if necessary?
 
No
 
Yes (please provide an email address or phone number)
 
 
Thank you for your participation!