<p style="list-style-type:disc; text-align:justify"><span style="font-size:14px"><span style="color:#000000">When buying a robot based on a budget, both the initial robot cost, as well as the running costs, need to be considered. For this purpose we take into consideration the standalone cost of the robot, the peripheral costs (which includes chiller units, power units, pendant costs, software peripherals, SPMs if any, etc), the cost of operating the robot, the cost of skilled operators and the cost of disposal of the robot. To do this we use the term &lsquo;Total Cost of Ownership&rsquo; which includes all such costs.&nbsp;</span></span></p>

<p style="list-style-type:disc; text-align:justify"><span style="font-size:14px"><span style="color:#000000">Hence, before buying a robot, a complete study of all these costs need to be done for the complete life cycle of the robot.</span></span></p>

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<span style="font-size:14px"><img alt="" src="https://edupmquestionhelp.s3.ap-south-1.amazonaws.com/hint/uploads/images/16354850521635485052.png" style="height:681px; width:532px" /></span></p>

<p style="text-align:justify"><span style="font-size:14px"><img alt="" src="https://edupmquestionhelp.s3.ap-south-1.amazonaws.com/hint/uploads/images/16354851031635485103.png" style="height:426px; width:431px" /></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="color:#000000">Research paper link:</span>&nbsp;<span style="color:#000000">https://www.sciencedirect.com/science/article/pii/S2212827116312896</span></span></p>

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