System dynamics modeling of the effects of the decision to purchase industrial robots on a manufacturing organization

A. Elizondo-Noriega, N. Tiruvengadam, D. Guemes-Castorena, V. G. Tercero-Gomez, M. G. Beruvides

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Over time, all industries have adapted to the ever-increasing demand for higher product quality and throughput by embracing automation and industrial robots. The impact of the purchasing decision of automation equipment such as robots on an organization's profitability needs to be better understood, given the paucity of published empirical data on the topic. One alternative approach to deal with the scarcity of data is simulation, and among the available simulation methods for redressing this issue, System Dynamics (SD) has proved to be a reliable alternative. This work presents a SD-based simulation model for the purchasing decision of an industrial robot (purchasing option) within a manufacturing organization that is based on a previously established technological archetype. The intent of this study is to create a suitable simulation environment based on a combination of the two simulation models to study in greater detail the economic effects of purchasing industrial robots.

Original languageEnglish
Title of host publicationPICMET 2019 - Portland International Conference on Management of Engineering and Technology
Subtitle of host publicationTechnology Management in the World of Intelligent Systems, Proceedings
EditorsDundar F. Kocaoglu, Timothy R. Anderson, Dilek Cetindamar Kozanoglu, Kiyoshi Niwa, Harm-Jan Steenhuis
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781890843403
DOIs
StatePublished - Aug 2019
Event2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019 - Portland, United States
Duration: Aug 25 2019Aug 29 2019

Publication series

NamePICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings

Conference

Conference2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019
CountryUnited States
CityPortland
Period08/25/1908/29/19

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    Elizondo-Noriega, A., Tiruvengadam, N., Guemes-Castorena, D., Tercero-Gomez, V. G., & Beruvides, M. G. (2019). System dynamics modeling of the effects of the decision to purchase industrial robots on a manufacturing organization. In D. F. Kocaoglu, T. R. Anderson, D. C. Kozanoglu, K. Niwa, & H-J. Steenhuis (Eds.), PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings [8893874] (PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.23919/PICMET.2019.8893874