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NO,basically automation helps to decreses the cost of production.by the help of automation ,large number of units are produced with very little amount of time with higher accuracy.if large number of units produced,slowly slowly cost decreses.But initially,may be the cost of unit was high because of huge infrastructure cost but day by day,it decreses as some costs are fixed cost .so more often cost of production directly affected by varriable cost.So finally,i want to conclude that,industrial automation helps to decrese the cost of production secondarily,but at primary stage,cost of production increses by automation due to huge initial investment.
What else can I help you with?
How can company increase revenue?
Reduce cost production
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
What is the relationship between production and cost?
The relationship between production and cost in any manufacturing process varies based on volume produced and whether any part of the manufacturing process is outsourced or performed by subcontractors. Additionally, production and cost ratios vary based on the amount of automation involved in production and the amount of human oversight and involvement required.
For the majority of companies the most common increase in the cost of production results from rising for the?
wages
Why a producer would continue to increase output even though the marginal cost?
...of production may be rising? Answer: Because of increase in demand.
How can company increase revenue?
Reduce cost production
Describe a situation where fixed automation is preferred over programmable automation?
fixed if for mass production while programmable is for batch production
How do you calculate unit cost as you increase production?
Increase in cost: take the first derivative with respect to the unit produced of a cost function. Total cost: sub-in the new quantity into the cost function.
How cost of production can be reduce through effective and optimal design?
Weight loss. Recycled materials. Energy consumption. Manufacturing automation. Updated.
What is future of automation technology?
Automation technology will still be effective in the production of cameras and vision systems.
To cut costs and increase output a new process was established. What was this process in manufacturing called?
To cut costs and increase output a new manufacturing process called automation was created. With automation came lower labor cost, increased productivity, and improved quality.
What is the different between hard automation and soft automation?
Difference Between Hard Automation and Soft Automation: Definition: Hard Automation (Fixed Automation): Hard automation involves machines or systems designed for a specific task or a fixed sequence of operations. These systems are rigid and difficult to reprogram or modify once built. Soft Automation (Flexible Automation): Soft automation refers to systems designed to be adaptable and capable of performing various tasks. These systems can be reprogrammed or adjusted to accommodate different products or processes. Flexibility: Hard Automation: Limited flexibility; designed for high-volume production of a single product. Soft Automation: Highly flexible; suitable for low to medium production volumes with variations in design or processes. Cost and Investment: Hard Automation: Requires high initial investment due to custom design and specialized equipment. Soft Automation: Lower initial costs with additional expenses for software and programming. Application Areas: Hard Automation: Commonly used in industries like automotive manufacturing and mass production lines where consistent, repetitive tasks are required. Soft Automation: Ideal for industries like electronics, aerospace, and custom manufacturing where frequent changes in production processes are needed. Example: Hard Automation: Assembly line machines that only produce a single type of product. Soft Automation: Robotic arms in manufacturing that can be reprogrammed to assemble different products. Conclusion: The choice between hard and soft automation depends on the production requirements, cost considerations, and the need for flexibility in operations. Hard automation excels in efficiency for repetitive tasks, while soft automation provides adaptability for dynamic environments.
Does mass production increase or decrease the cost of goods?
Mass production typically decreases the cost of goods because it allows for economies of scale to be realized. This means that as production volumes increase, the average cost per unit decreases due to spreading fixed costs over a greater number of units.
What is maginal cost?
Marginal cost is the increase or decrease in the total cost of a production run for making one additional unit of an item.
When the price of a capital good increase what happens to the prices of related consumer goods and services?
Prices increase due to the increase in production cost.
What is the relationship between production and cost?
The relationship between production and cost in any manufacturing process varies based on volume produced and whether any part of the manufacturing process is outsourced or performed by subcontractors. Additionally, production and cost ratios vary based on the amount of automation involved in production and the amount of human oversight and involvement required.
For the majority of companies the most common increase in the cost of production results from rising for the?
wages
