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Economic Rationalization of Automation Projects and Quality of Service

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Springer Handbook of Automation

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Abstract

The future of any investment project is undeniably linked to its economic rationalization. The chance that a project is realized depends on our ability to demonstrate the benefits that it can convey to a company. However, traditional investment evaluation must be enhanced and used carefully in the context of rationalization to reflect adequately the characteristics of modern automation systems. Nowadays, automation systems often take the form of complex, strongly related autonomous systems that are able to operate in a coordinated fashion in distributed environments. Reconfigurability is the capacity of a system designed for rapid change in structure, as well as in hardware and software components. Its objective is to quickly adjust production capacity and functionality within a part family in response to sudden changes in market or regulatory requirements. Reconfigurability of a system is a key factor affecting automation systems’ economic evaluation due to the reusability of equipment and software for the service and manufacturing of multiple products. A new method based on an analytical hierarchy process for project selection is reviewed. A brief discussion on risk and salvage consideration is included, as are emerging aspects needing further development in future rationalization techniques.

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Acknowledgments

Parts of Ch. 41 Quality of Service (QoS) of Automation by Heinz-Hermann Erbe from the first edition of this Handbook of Automation have been used in this chapter [16]. The author sincerely thanks Professor Erbe for the materials used in this chapter of the handbook.

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  1. School of Industrial Engineering, Pontifica Universidad Católica de Valparaíso, Valparaiso, Chile

    José A. Ceroni

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Correspondence to José A. Ceroni .

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  1. PRISM Center and School of Industrial Engineering, Purdue University, West Lafayette, IN, USA

    Shimon Y. Nof

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Ceroni, J.A. (2023). Economic Rationalization of Automation Projects and Quality of Service. In: Nof, S.Y. (eds) Springer Handbook of Automation. Springer Handbooks. Springer, Cham. https://doi.org/10.1007/978-3-030-96729-1_30

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