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
License
File Access Level
Open
Permalink -

https://openresearch.lsbu.ac.uk/item/8z882

Download files


Publisher's version
IJETT-V67I6P218.pdf
License: CC BY 4.0
File access level: Open

  • 67
    total views
  • 71
    total downloads
  • 2
    views this month
  • 0
    downloads this month

Export as

Related outputs

Safety, Quality Control, And Sustainability In Construction: Exploring The Nexus - A Review
Olurin, J.O., Gidiagba, J.O., Ehiguina, V.E., Ndiwe, T.C., Ojo, G.G. and Ogunjobi, A.O. (2023). Safety, Quality Control, And Sustainability In Construction: Exploring The Nexus - A Review. Engineering Heritage Journal (GWK). 4 (1), pp. 60-81. https://doi.org/10.26480/gwk.01.2023.60.81
Engineering Innovations And Sustainable Entrepreneurship: A Comprehensive Literature Review
Olurin, J.O., Gidigba, J.O., Ehiaguina, V.E., Ndiwe, T.C., Ayodeji, S.A., Banso, A.A., Tula, O.A. and Ojo, G.G. (2023). Engineering Innovations And Sustainable Entrepreneurship: A Comprehensive Literature Review. Materials & Corrosion Engineering Management (MACEM). 4 (2), pp. 62-71. https://doi.org/10.7508/macem.02.2023.62.71
Powering Rural Healthcare With Sustainable Energy: A Global Review Of Solar Solutions
Izuka, U., Ojo, G.G., Ayodeji, S.A., Ndiwe, T.C. and Ehiaguina, V.E. (2023). Powering Rural Healthcare With Sustainable Energy: A Global Review Of Solar Solutions. Engineering Science & Technology Journal. 4 (4), p. P.No. 1 90 208. https://doi.org/10.51594/estj.v4i4.582
Solar Energy Adaptation And Efficiency Across Diverse Nigerian And Global Climates A Review Of Technological Advancement
Ojo, G.G., Lottu, O.A., Ndiwe, T.C., Izuka, U. and Ninduwezuor-Ehiobu, N. (2023). Solar Energy Adaptation And Efficiency Across Diverse Nigerian And Global Climates A Review Of Technological Advancement. Engineering Heritage Journal (GWK). 7 (1), pp. 99-107. https://doi.org/10.26480/gwk.01.2023.99.107
Unlocking Solar Power For Surveillance A Review Of Solar Powered CCTV And Surveillance Technologies
Izuka, U., Bakare, A.D., Olurin, J.O., Ojo, G.G. and Lottu, O.A. (2023). Unlocking Solar Power For Surveillance A Review Of Solar Powered CCTV And Surveillance Technologies. Acta Electronica Malaysia (AEM). 7 (2), pp. 40-47. https://doi.org/10.26480/aem.02.2023.45.52
Evaluating The Carbon Dioxide Sequestration In The Trees In The Temperate And Tropical Region (Work In Progress) Vol.2
Ojo, Gabriel G., Alex Paurine, Aaron Gillich and Metkel Yebiyo (2022). Evaluating The Carbon Dioxide Sequestration In The Trees In The Temperate And Tropical Region (Work In Progress) Vol.2. Centre for Civil and Building Services Engineering (CCiBSE). Keyworth Building, London South Bank University 21 - 22 Apr 2022 London South Bank University.
I DoBEIC2021 An overview of the methods and technologies for removal of carbon dioxide from the environment
Ojo, G. (2021). I DoBEIC2021 An overview of the methods and technologies for removal of carbon dioxide from the environment. Proceedings of Centre for the Integrated Delivery of the Built Environment (IDoBE) on Uncertainties in the Built Environment: How can we build a resilient future in the new normal?. . LSBU, London. UK 21 - 23 Nov 2021 London South Bank University.
London Doctoral Academy Postgraduate Research Summer School 2020
Graham, A., Ibrahim, M., Lisson, M., Henfrey, C., Alfandari, N., Ojo, G., Baragau, I., Mansfield, M., Scheel, A., Bichard, E., Hamed Aboelkhair, H., Marjan, A., Hettiarachchi, S. J., Parvin, A., Merton, S., Ahmed-Landeryou, M., Jenkins, C., Alli, U., Atanda, O. and Ganiyu, S. (2020). London Doctoral Academy Postgraduate Research Summer School 2020. London South Bank University.
Evaluating The Carbon Dioxide Sequestration In The Trees On The Landmass Of The University Campus In The Temperate And Tropical Region
Ojo, G. (2020). Evaluating The Carbon Dioxide Sequestration In The Trees On The Landmass Of The University Campus In The Temperate And Tropical Region. London Doctoral Academy Postgraduate Research Summer School 2020. Online 06 - 09 Jul 2020