Analysis of Capital Investment in Industrial Robot: Case X
Lindborg, Irina (2020)
Lindborg, Irina
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020052815013
https://urn.fi/URN:NBN:fi:amk-2020052815013
Tiivistelmä
The aim of this research-based thesis is to perform an analysis of a capital investment in an industrial robot for a case company. The company X is a start-up based in Estonia. It produces heating, ventilation, and air conditioning (HVAC) modules for Finnish construction companies. The purpose of this study is to assist the case company with the decision regarding an investment in an industrial robot for the automation one of the production processes. Although this study was performed for the case company, it can be useful for manufacturers who are considering automating their production with robots.
The theoretical framework of this thesis provides theories on robots in manufacturing, capital investments and analysis methods used in capital budgeting and theory on investment decision.
The empirical research was conducted in the form of a face-to-face interview and a desktop research. Qualitative analysis methods were applied for the analysis of the collected data. Therefore, the phenomenon of analysis of capital investments in the industrial robot at the case company is described through capital budgeting, payback, accounting rate of return (ARR), net present value (NPV) and cost-volume-profit (CVP) analysis methods.
The findings show that the acquisition of the industrial robot will positively affect the case company’s performance, and therefore can be undertaken. However, it is recommended to carefully choose the right moment for the acquisition of the robot.
The theoretical framework of this thesis provides theories on robots in manufacturing, capital investments and analysis methods used in capital budgeting and theory on investment decision.
The empirical research was conducted in the form of a face-to-face interview and a desktop research. Qualitative analysis methods were applied for the analysis of the collected data. Therefore, the phenomenon of analysis of capital investments in the industrial robot at the case company is described through capital budgeting, payback, accounting rate of return (ARR), net present value (NPV) and cost-volume-profit (CVP) analysis methods.
The findings show that the acquisition of the industrial robot will positively affect the case company’s performance, and therefore can be undertaken. However, it is recommended to carefully choose the right moment for the acquisition of the robot.