Types of costs required for developing a robot

In a robot project, there are two types of cost statistics available for performing the economic analysis such as:

  • Investment costs
  • Operating costs

Types of costs included in the investment costs:

Several types of costs that come under the investment costs are robot purchase cost, installation costs, engineering costs, special tooling, and miscellaneous costs.

  • Robot purchase cost refers to the primary cost of a robot. In this condition, the robot will have suitable abilities for performing an operation. Moreover, it does not include the end effector.
  • Installation costs possess the human workers and equipments required for assembling the installation site.
  • Engineering costs include the price of design prepared by the engineering staff of the industry for installing the robot.
  • Special tooling comprises the price of part positioners, end effector, and other equipments that are necessary for processing the workstation.
  • Miscellaneous costs include other investment costs that do not come under the above types.

Types of costs included in the operating costs:

The operating costs cover several costs like direct labor cost, indirect labor cost, maintenance cost, utilities, and training.

  • The direct labor cost adds the price given to a human worker for operating the robot workcell. It includes the fringe advantages to evaluate the direct labor price, and excludes other overhead costs.
  • The indirect labor cost includes the price of management, programming, arrangement, and miscellaneous costs that are not related with anyone of the above six types.
  • Maintenance cost involves the expected price for maintaining and servicing a robot in a workcell.
  • Utilities possess the costs of electricity, gas, air pressure, and other utilities, which are used for operating a robot workcell.
  • As the training cost comes under the basic installation cost, it may be considered as an investment cost. The reason for including this category in operating cost is that it is a continuing activity.
You can leave a response, or trackback from your own site.

5 Responses to “Types of costs required for developing a robot”

  1. Titus Croke says:

    Excellent read. I just passed this onto a colleague who was doing a little research on that. He just bought me lunch since I found it for him! Therefore let me rephrase: Thanks for lunch!

  2. I am impressed with this site, rattling I am a big fan .

  3. Staci Trisch says:

    Youre so cool! I dont suppose Ive read similar to this before. So nice to seek out somebody with a few authentic applying for grants this subject. realy appreciate starting this up. this site is one area that’s needed online, somebody with a little bit originality. helpful problem for bringing something new towards the web!

  4. I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have bookmarked to check out new stuff you blog post.

  5. I appreciate all the work you’ve put into your website! I’m going to Tweet this out to my followers… Definitely worth passing on!

Leave a Reply