Reducing the Costs of Automated Production Systems

Abstract

This paper focuses on the comparison of production costs between two identical production units that are located in different countries. The trends in the field of production are dramatically changing due to the Fourth Industrial Revolution and companies have to manage production costs very thoroughly to increase their competitiveness. The aim of this paper is a cost evaluation of automated manufacturing systems, mainly considering the impact of personnel costs on costs of production. It also includes a case study with calculation performed on a full cost basis. The outcome should demonstrate the difference in production costs of before mentioned units and prove whether the personnel costs of automated production systems do have a significant impact on production costs.