Use this Calculator to plan your automation project's success.
Estimated Equipment Cost *
Total Cost of equipment or project, remember to include:
Shipping/Delivery
Equipment
Installation
Startup/Debug
Everything required to get machine into production
$
Annual Benefit *
How much will this equipment allow you to save/make per year? Be sure to include:
Labor Savings
Maintenance Savings
Reduced Scrap Rate
Increased Volume
Higher Quality
$
Number of Years in Production *
How long will the automation produce your annual automation benefit?
yr
Annual Minimum Interest Rate *
If your company has a required rate of return on projects, enter it here.
This is also referred to as a hurdle rate. This rate ranges from 8-15% for
most companies.
This compares your initial investment to future benefits in today's dollars.
If it's a negative number that means the initial investment is not justified
by the future benefits. If you want to keep your job, come up with better
numbers.
Payback, in years *
How long it takes in annual benefits to return the estimated equipment cost.
Internal Rate of Return (IRR) *
Interest rate where annual benefits are equal to estimated equipment cost
in today's dollars.
For more project specific information call us at 801.621.4117
or fill out our contact form.