| AMT( the Advanced Manufacturing Technology), built up in the basis of traditional manufacturing technology ,continually absorbing new fruit of science and technology of machine,electronics,information,modern management and so on, is a new manufacturing technology which synthetically applied to product development ,design,manufacture,examination,management process. The technique is produced in the 90's of 20 centuries in the goal of achieving superior quality of product and character of efficiency,low energy source consuming,cleanness,agility in production process, so it is a predominant production technology which is extensively thought by domestic and international professional scholars. The manufacturing technology has many forms, such as computer number control(CNC) ,automatic material handling(AMH) ,computer assistant design(CAD) ,computer assistant manufacture(CAM) ,computer assistant engineering(CAE) ,computer assistant plan(CAP) ,flexible manufacture system(FMS) ,computer integrated manufacture system(CIMS)and so on. AMT investment can bring many visible performances and invisible strategic performances for the enterprise. The simple traditional evaluation method applied in AMT investment evaluation will meet with many problems (namely cannot reflect invisible strategic performance). Many foreign professional scholars pointed in related research, the key reason which influence AMT extensive application not lie in technology but in management, moreover, the most important reason is"how to evaluate AMT". For making reasonable decision guidance, in the basis of analyzing AMT character, the thesis give a AMT investment evaluation model which is made of strategy analysis,risk analysis and strategy-risk analysis. As the predominant techniques of international manufacturing in 21 centuries, compared with traditional manufacturing technology, AMT has distinct technique character. Its main characteristic express that high technique content,flexibility in technology system,high investment,high risk,diverse income,difficult evaluation choice in AMT investment. AMT is a typical new technology which blend traditional manufacturing technology with other advanced fields such as machine, electronics, information, material, energies, management. It represents the highest level in modern manufacturing and in the development direction of integration and intelligence with the notable character of compression in high knowledge and technology. High flexibility in AMT is decided by its using technique. Flexibility can bring many visible and invisible benefits for enterprise. there are two reasons: 1)flexibility can strengthen enterprise's ability to deal with market emergency, better meet customer's requirement, timely hold business opportunities. 2)flexibility can raise equipment utilization efficiency. AMT makes the technical science content high, if enterprise want to develop this kind of technical effect well, the innovation needed not only in production process but also in organization and management of purchase,stock,sale. all these changes come to a decision that adopt AMT will need a great deal of elementary investment. AMT is integrated by synthetically applying other new techniques. From designing project to choosing technology, till integrating system, every detail will result in system failure. So AMT is usually companied by higher technology application risk. AMT also has characteristic of diverse income forms. the main income forms include: decrease labor force cost,decrease material cost,decrease stock level,decrease quality cost such as waster,inferior,product returned,claim for compensation after selling,increase equipment utilization efficiency,increase anti-disturbed ability,increase product quality,increase reaction ability to market requirement,increase competition advantage,shorten deliver period,promote enterprise image,timely induct new and renew products,raise control ability to fleeting market opportunities,reduce working burden,strengthen employee's satisfaction and loyalties to enterprise,acquire more technology experience and so on. income forms can be induced to visible performance and invisible strategy performance. The foreign related research has pointed out, evaluation AMT investment by traditional method will face unavoidable method limitation, traditional evaluation method have no ability to reflect invisible strategy performance which cannot be expressed by quantified index which result in investment evaluation choice difficulty.As has said before, AMT has diverse income forms, it can bring visible performance such as increase production efficiency,reduce direct labor force cost, it also bring invisible strategy performance such as shorten product development period,cut product deliver period,improve produce ability to diverse product. These benefit effect will influence investor on investment decision behavior. if we want to reasonably evaluate and analyze AMT investment, it is necessary to set up investment evaluation model start in strategy analysis, by way of risk analysis, end in strategy-risk integrated analysis. The detailed statement on evaluation model as follows: Firstly, decision maker should first consider invested item whether in accordance with enterprise whole strategy when evaluate AMT investment, this is the premise before give decision on AMT investment. The strategy evaluation phase will set up AMT strategy evaluation model by using AHP method. enterprise can consider AMT invisible strategy effect in such aspects: long-term earning effect of technology flexibility,meet customer diverse requirement effect,strategy effect of quickly response to delivery time,strategy effect of product quality,strategy effect of develop new product market and catch new market opportunities. Secondly, the high risk of AMT decides that AMT investment will has high risk. It is necessary to analyze technology application risk in technology investment evaluation process. In this phase, I have set up risk evaluation model of AMT project investment by using AHP method. The concrete contents include: technology applicability risk ,technology reliability risk,technology substitute risk. Thirdly, for scientifically analyzing AMT investment, we should consider strategic performance and risk implement evaluation, we also should give further integrated evaluation on strategy-risk according to different estimated results and situation. In the phase of integrated evaluation, the thesis set up evaluation model on AMT investment project by using DEA and revised DEA method in the angle of input-output system. Finally, the thesis make a certain automobile factory which adopt AMT and reconstruct actual technology as the case example, give practical application on strategic evaluation,risk evaluation,integrated evaluation. The research show, the enterprise should select CAPP investment project, which in accordance with actual...
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