Advantage of robots: lower long-term running costs
Robots cost a lot to buy, but over time they save money because they need no wages or holidays and make fewer mistakes, so less is wasted. The purchase cost is paid back.
Understanding Advantage of robots: lower long-term running costs in IGCSE Computer Science Paper 1
What it does: Once the total saved on running costs reaches the purchase price, the robot has paid for itself. A robot does not receive wages, so over time it can reduce the cost of running the business. Robots repeat the same task accurately, so less material is wasted on faulty products. Robots are expensive at first, but the savings they make can add up until they equal the purchase price. The advantage is long-term: the savings can outweigh the high starting cost. Robots need no wages or holidays. They do still need electricity, so running costs are lower, not zero.
Common mistakes: The payback time is the purchase cost divided by the saving each year, so it should be robotCost / yearSaving. Multiplying gives a meaningless number. The wages saved over several years are the yearly wages multiplied by the number of years, so it should be wages * years, not +.
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