Title :
Economic justification for automation
Author_Institution :
University of Southern California, Los Angeles, CA
Abstract :
Capital investment in factory automation systems can be, and usually is, substantial. To provide appropriate guidance to management, significant life cycle costs must be identified and evaluated. This paper specifies the desirable characteristics of an appropriate economic evaluation model and summarizes the extant literature with respect to the theoretical paradigm.
Keywords :
Computer numerical control; Costs; Environmental economics; Hardware; Investments; Manufacturing automation; Manufacturing industries; Robot sensing systems; Robotics and automation; Service robots;
Conference_Titel :
Decision and Control, 1985 24th IEEE Conference on
Conference_Location :
Fort Lauderdale, FL, USA
DOI :
10.1109/CDC.1985.268505
