Reality training in manufacturing
Master thesis
Permanent lenke
https://hdl.handle.net/11250/3088949Utgivelsesdato
2023Metadata
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- Studentoppgaver (TN-ISØP) [1468]
Sammendrag
This thesis aims to answer whether manufacturing companies should develop reality trainingfor production based on analysis and comprehensive literature study. The thesis will investigatethe analysis of reality training in technology, investment, risk, and financial aspects. Hence, itwill answer the following research question: What are the consequences of establishing realitytraining in manufacturing?
To answer the technology and investment aspect of reality training, current research hasbeen done from the research of literature, companies, and relevant investment support. Therehave been a Technology & Investment analysis of the current research’s most critical driversand barriers to creating a result. The result wants to find which one of the aspects is the mostcritical factors in reality training.
In terms of the risk aspect, the thesis will conduct a comprehensive risk analysis bycomparing reality training with traditional training methods, focusing on critical operations.By examining existing critical operations in traditional training, the study aims to determinethe impact level of risk when utilizing reality training in production settings. The risk analysiswill specifically utilize a case study involving critical operations at Beyonder, a Norwegianbattery manufacturing company. The findings from this analysis will shed light on whetherreality training has an influence on the level of risk in production compared to traditionaltraining methods.
In terms of the financial aspects, the thesis aims to conduct a comprehensive FinancialStatement analysis comparing the utilization of reality training with traditional trainingmethods, specifically focusing on Norske Skog Skogn. The analysis will be conducted throughtwo distinct cases, with the objective of determining the total EBITDA over a six year period.Case 1 will investigate the change in EBITDA between traditional and reality trainingfor one year. This case will examine the implementation of virtual reality training to establisha new factory, considering an average training duration of 3 months to 1 year before the factorybegins generating revenue. In Case 2, the analysis will focus on evaluating the cumulativenet present value, specifically examining the investment benefits and costs related to theimplementation of mixed reality over a period of five years. As part of this evaluation, thethesis will consider the impact of investment benefits on OPEX, comparing the changes inEBITDA between traditional and reality training.
By evaluating the outcomes of these two cases, the thesis will provide a Financial Statementanalysis result of the changes in EBITDA over a six year period, specifically focusing on thetransition from traditional training to reality training. This analysis will contribute to a betterunderstanding of the financial aspect of reality training within the context of Norske SkogSkogn.