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Robot economics

  • Joseph F. Engelberger

Abstract

The success of any commercial industrial undertaking has to be measured in terms of financial performance. The most brilliant technical innovation is a failure if it results in money lost by the entrepreneur or his shareholders — or, indeed, at divisional or operating level. Robots are no exception to this rule. No matter what the social benefits are, no matter how clever the technology, no matter how pretty the robot is to watch, every proposed investment in robotics has to pass the test of a critical financial appraisal.

Keywords

Spot Welding Payback Period Installation Cost Single Robot Capital Utilization 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Joseph F. Engelberger 1980

Authors and Affiliations

  • Joseph F. Engelberger

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