Capital Productivity, Maintenance Effectivenes and Economic Models in Capital Intensive Manufacturing Systems
Studies of automated installations show in general a significent increase in personell productivity, but this is not always supported by a corresponding development of capital productivity. This can sometimes set the whole project at risk. The economic optimum degree of automation has temporary limits. But continuous reliability improvements of components and systems progresses the optimum solution at the same rate towards more fully automated installations. Two technical-economic interactive computer programmed models have been developed. The first is an extension of the LCC to an LCP, Life Cycle Profit model. The second is based on the well-known du Pont economic model for ROC.
KeywordsLabour Productivity Economic Model Capital Productivity Maintenance Effort Maintenance Effectiveness
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