Evaluation methodology for performance and system economics for robotic devices

This paper presents a mathematical model for the selection and evaluation of robots, which consists of critical factors such as maximum return on investment, objective factors such as payback value to give a more complete cost perspective, and subjective factors including hardware/software, vendor p...

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Bibliographic Details
Published inComputers & industrial engineering Vol. 14; no. 1; pp. 27 - 39
Main Author Nnaji, Bartholomew O.
Format Journal Article
LanguageEnglish
Published Seoul Elsevier Ltd 1988
Oxford Pergamon Press
New York, NY Pergamon Press Inc
Subjects
Applied sciences
Capital investments
Criteria
Evaluation
Exact sciences and technology
Material handling, hoisting. Storage. Packaging
Mathematical models
Payback periods
Return on investment
Robots
Selection
Transfert equipment, manipulators; industrial robots
Vendors
Work environment
Costs
Industrial robot
Profitability
Calculating method
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Summary:This paper presents a mathematical model for the selection and evaluation of robots, which consists of critical factors such as maximum return on investment, objective factors such as payback value to give a more complete cost perspective, and subjective factors including hardware/software, vendor performance, and internal adaptation. This evaluation procedure can be used for the selection of robots for any robot implementation, such as CAD/CAM, CIM and military applications.
ISSN:0360-8352
1879-0550
DOI:10.1016/0360-8352(88)90035-6