Document Type
Thesis
Date of Award
5-31-1986
Degree Name
Master of Science in Management Engineering - (M.S.)
Department
Industrial and Management Engineering
First Advisor
Daniel S. Walsh
Abstract
The robot industry is one of the fastest growing industries. In almost every area of manufacturing, robots are being considered for one or more tasks, but the success of any commercial industrial undertaking has to be measured in terms of financial performance.
To help practitioners in the manufacturing area, an economic analysis and investment appraisal technique for robotic systems is developed, especially to assist managers in making the crucial decision about utilizing an industrial robot. An interactive microcomputer program is developed which performs the economic analysis for cost justification and helps managers to decide whether the implementation of a robot for the task under consideration is worth the investment.
This thesis first reviews the classification and application of robots, then explains the economic analysis and investment appraisal technique, discusses important factors to be considered other than cost justification such as, environmental factors, reliability, safety, and sociological impacts, and finally considers the future attributes and applications of robots and automated manufacturing.
Recommended Citation
Badshah, Brijan Shirish, "Applications and evaluation criteria for robotic systems" (1986). Theses. 3125.
https://digitalcommons.njit.edu/theses/3125
Included in
Business Administration, Management, and Operations Commons, Operations Research, Systems Engineering and Industrial Engineering Commons
