On Acquiring Automation for Value Improvement under Learning Effects
Presents a dynamic programming model for studying the effects of
automation acquisition on the value, cost, and quality control processes
in an aggregate single product environment. The model provides the
optimal automation acquisition policy, that is the optimal amount of
automation to be acquired and the optimal timing for acquiring it, so
that the accumulated net product value can be maximized. The model can
be used with different sets of learning rates and cost data. It can also
be used with non-uniform learning rates among the different processes,
and non-uniform automation effects on the value, cost, and quality
control learning curves. The cases both of unbounded and bounded
learning curves are examined. Selective results demonstrate that the
early acquisition of the optimal amount of automation enhances the
accumulated net product value.
Keywords: Automation; Learning; Productivity; Programming; Tqm
Document Type: Research Article
Publication date: 01 June 1994
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