Economic criterion for robot justification

Abstract

Analysis of factory costs shows that the labour content is one third that of materials and bought out components. Industrial Robots are a means whereby costs pertaining to materials can be optimized. However, it is argued that the usage of an integrated system of robotics, computers, management analysis techniques etc. rather than a dispersed or isolated installation will ensure maximum productivity from a manufacturing facility.

Citation

Owen, A.E.(T). (1980), "Economic criterion for robot justification", Industrial Robot, Vol. 7 No. 3, pp. 176-177. https://doi.org/10.1108/eb004773