Comparison of return on investment for an entry level micromilling machine versus benchmark state of the art machines
Date
2013-07
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
South African Institute for Industrial Engineering
Abstract
Entry level micromilling machines have a substantially reduced capital cost, and lower operating costs associated with them, compared to the state of the art micromilling machines. This paper presents the decision making process and complexity of comparing these two technologies given part requirements, time constraints and part features. Some decisions are trivial, while others require an in-depth understanding of the economics and
technical aspects of the technology and the product. Insights gained from research and manufacturing of Micromilled parts are discussed as well as aspects that could impact a techno-economic model. The model aspects are then related to various product sectors each with an estimated market size. One of the outputs of the paper is a business decision framework to guide investors.
Description
Please cite as follows:
Dirkse van Schalkwyk, T.G. 2013. Comparison of return on investment for an entry level micromilling machine versus benchmark state of the art machines. Proceedings of the 25th Annual South African Institute for Industrial Engineering Conference, 9-11 July, Stellenbosch, South Africa.
The original publication is available at http://http://www.saiie.co.za
Dirkse van Schalkwyk, T.G. 2013. Comparison of return on investment for an entry level micromilling machine versus benchmark state of the art machines. Proceedings of the 25th Annual South African Institute for Industrial Engineering Conference, 9-11 July, Stellenbosch, South Africa.
The original publication is available at http://http://www.saiie.co.za
Keywords
Micromilling machines, Micromilling machines -- Technology, Micromilling machines -- Business decision framework, Micromilling machines -- Manufacturing
Citation
Dirkse van Schalkwyk, T.G. 2013. Comparison of return on investment for an entry level micromilling machine versus benchmark state of the art machines. Proceedings of the 25th Annual South African Institute for Industrial Engineering Conference, 9-11 July, Stellenbosch, South Africa.