| Title | Identification and Structuring of Benefits and Expenses for Evaluating the Profitability of Investments in Digitization within Production |
|---|---|
| ID_Doc | 17531 |
| Authors | Joppen, R; Tekaat, JL; Kühn, A |
| Title | Identification and Structuring of Benefits and Expenses for Evaluating the Profitability of Investments in Digitization within Production |
| Year | 2019 |
| Published | |
| Abstract | Digitization opens up countless opportunities to improve a production. Potentials range from condition monitoring of individual machines to fully autonomously controlled production systems. Nevertheless, investments are usually required to exploit those potentials. Companies often need to connect machines, buy, update or expand IT systems or carry out projects regarding the digital twin across multiple departments. The implementation of such projects requires an integrated system analysis and thus know-how from the most diverse technical and scientific disciplines. An additional economic evaluation requires further economic know-how. This paper makes a contribution to identifying and structuring the potentials, benefits and costs of digitization. A scheme for the evaluation of investments in digitization is presented. It enables a structured analysis of restrictions, efforts and potentials of possible investments. The approach thus makes it possible to evaluate a potential investment within the setting of a workshop. This enables cross-departmental and cross-disciplinary understanding on the benefits and costs of an investment in the context of digitization. The method is presented on the basis of a project for introducing tablets in production at a switchgear manufacturer. (C) 2019 The Authors. Published by Elsevier B. V. |
| https://doi.org/10.1016/j.promfg.2019.04.030 |
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