TY - GEN
T1 - System dynamics modeling of the effects of the decision to purchase industrial robots on a manufacturing organization
AU - Elizondo-Noriega, A.
AU - Tiruvengadam, N.
AU - Guemes-Castorena, D.
AU - Tercero-Gomez, V. G.
AU - Beruvides, M. G.
PY - 2019/8
Y1 - 2019/8
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85075633761&partnerID=8YFLogxK
U2 - 10.23919/PICMET.2019.8893874
DO - 10.23919/PICMET.2019.8893874
M3 - Conference contribution
T3 - PICMET 2019 - Portland International Conference on Management of Engineering and Technology: Technology Management in the World of Intelligent Systems, Proceedings
BT - PICMET 2019 - Portland International Conference on Management of Engineering and Technology
A2 - Kocaoglu, Dundar F.
A2 - Anderson, Timothy R.
A2 - Kozanoglu, Dilek Cetindamar
A2 - Niwa, Kiyoshi
A2 - Steenhuis, Harm-Jan
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2019 Portland International Conference on Management of Engineering and Technology, PICMET 2019
Y2 - 25 August 2019 through 29 August 2019
ER -