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Machine endowment cost model: task assignment between humans and machines

Economics

Machine endowment cost model: task assignment between humans and machines

Q. Gong

Discover groundbreaking insights into human-machine task allocation with this innovative cost model developed by Qiguo Gong. Explore how task flexibility and cognition influence productivity in the age of wage growth and technological advancement!

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~3 min • Beginner • English
Abstract
Although research on human-machine task assignment has presently received academic attention, the theoretical foundation of task assignment requires further development. Based on the two-dimensional characteristics of task flexibility and cognition, a machine endowment cost model is built to examine the economic allocation of tasks between humans and machines. The model derives a machine production possibility curve that directly divides all tasks into two categories, one each for machines and humans. The model shows the dynamic of task allocation between humans and machines as the economic environment evolves, such as wage growth and technological development, and provides conditions wherein task polarization may prevail. The model can be applied to human-machine task assignment decisions in industry and services.
Publisher
Humanities & Social Sciences Communications
Published On
Mar 25, 2023
Authors
Qiguo Gong
Tags
machine endowment cost model
task allocation
human-machine interaction
wage growth
technological advancements
task flexibility
task polarization
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