Reduction in Economic Cost and Production Time for Development of a 3D Printer and its effect on market Economic

Journal article


Ojo, G. G., Omigbodun, F.T., Bowoto, O.K., Nimako, P.A. and Elemure, I.E. (2019). Reduction in Economic Cost and Production Time for Development of a 3D Printer and its effect on market Economic. International Journal of Engineering Trends and Technology (IJETT). 67 (6), pp. 92-97. https://doi.org/10.14445/22315381/IJETT-V67I6P218
AuthorsOjo, G. G., Omigbodun, F.T., Bowoto, O.K., Nimako, P.A. and Elemure, I.E.
Abstract

Personalisation and privacy of products generally do not depend on valuable trends for new technology companies, such as 3D printing, helping this trend to develop further. Companies that offer production systems for technology are essential, rather than demanding support for the Industrial Product-Service System (IPSS). This study is a relatively contemporary concept. That demonstrates the paradigm shift in how a business intelligence company trades. The central indicator of innovation is open to promoting the process of opening to the outside world. Open and perfect innovation will be a more messy communication, participation and decentralisation with innovation rather than an original, innovative sculptor when companies and others succeed in applying the most revealing innovations. This will modify and process existing innovation systems in the region. This article presents a method based on two key concepts that use rapid prototyping and other product development processes. In this research, 3D printers can benefit the product development chain. The main result is a reduction in time and cost, which can avoid future losses in the process due to the speed of production, which helps to get the prototype in the early stages of the project due to the flexibility of new technologies. Such phenomena have been developed, and the assessment of technology for creating a reserve cost structure is unique in the IPSS pasture. Companies that calculate costs and investments can improve the effort and quality of their products for free.

Keywords3D Printers; Economic Cost; Product development; Reducing Time and Cost; Industrial Product; Service Systems; innovation;
Year2019
JournalInternational Journal of Engineering Trends and Technology (IJETT)
Journal citation67 (6), pp. 92-97
PublisherSeventh Sense Research Group
ISSN2231-5381
Digital Object Identifier (DOI)https://doi.org/10.14445/22315381/IJETT-V67I6P218
Web address (URL)http://www.ijettjournal.org
Publication dates
Online2019
Publication process dates
Accepted2019
Deposited14 Dec 2022
Publisher's version
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Open
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