Meaning of ROI
What is the meaning of ROI, and when does it apply to customers?
Expert
ROI places for ‘Return on Investment ’. This is the amount your company will save by incorporating robots. A robotic system usually creates the same output as four welders. The annual savings (or ROI) can be computed as follows: ROI = [(x + y) x 4 - z] x t x = Hourly Rate of Welder y = Equipment Cost Per Hour z = Robotic System Cost per Hour t = 2080 Hours per Year
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