INTEGRATED QUALITY ASSESSMENT OF INVESTMENT

The process of product evaluation becomes important in case of big investments like purchasing new production equipment by companies. A wide range of product parameters has to be evaluated according to different requirements of different interests groups inside and out the company. Therefore a new methodology of integrated product quality assessment was developed. In this method, all product parameters are divided into different groups based on the requirements and evaluated separately after that. Furthermore, all economical parameters are processed separately within financial simulations including processing of risk variables as well. The outputs of the financial simulations are the expected product value and risk of the investment. Then all even very different parameters are evaluated by specific quality index and an appropriate weight is assigned to them, to calculate the final product quality index. Resulting method can be used for the product selection process as well as for the product benchmarking