Flexible manufacturing systems enable companies to respond quickly to emerging market trends and to easily accommodate product

Question:

Flexible manufacturing systems enable companies to respond quickly to emerging market trends and to easily accommodate product redesigns as technology changes. What is there in these advantages that sometimes leads companies applying the traditional analysis to under-invest in such systems? That is, why do companies sometimes underestimate the value of flexible manufacturing systems in the sense of assigning negative NPVs to positive NPV projects?
Discounted Cash Flows
What is Discounted Cash Flows? Discounted Cash Flows is a valuation technique used by investors and financial experts for the purpose of interpreting the performance of an underlying assets or investment. It uses a discount rate that is most...