Investment Justification of Robotic Technology in Aerospace Manufacturing

Abstract

This report presents the results of Phase I of a three phase research program to develop a computerized economic analysis methodology appropriate for investment justification of robotics and flexible manufacturing systems (FMS) in aerospace manufacturing. Phase I surveyed methodologies for performing economic analyses of capital investments, and assessed their accuracy and supportability by Air Force contractors. The research concluded that the Tech Mod/IMIP computerized discounted cash flow model, recently promulgated by the Air Force, could be modified to perform economic analyses of specific robotics and FMS investment projects. This will require, in Phase II, adding the capability to the model to assess alternative robotics and FMS investment projects with different performance characteristics. A need was also identified for an investment analysis methodology with the capability to assess robotics/FMS projects based upon both economic and non-economic factors. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Jan 20, 1984
Accession Number
ADA140782

Entities

People

  • James A. Simpson

Tags

Communities of Interest

  • Autonomy
  • Cyber
  • Human Systems

DTIC Thesaurus Topics

  • Aerospace Industry
  • Aerospace Manufacturing
  • Air Force
  • Air Force Personnel
  • Business Administration
  • Capital Investments
  • Commerce
  • Contractors
  • Contracts
  • Corporations
  • Cost Analysis
  • Economic Analysis
  • Economics
  • Investments
  • Manufacturing
  • Money
  • Procurement

Readers

  • Industrial Economics
  • Software Engineering
  • Unmanned Aerial System (UAS) Autonomous Capabilities and Mission Reconnaissance.

Technology Areas

  • AI & ML
  • Autonomy
  • Space
  • Space - Spacecraft Maneuvers