Reduction in Economic Cost and Production Time for Development of a 3D Printer and its effect on market Economic
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International Journal of Engineering Trends and Technology (IJETT) | 
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| © 2019 by IJETT Journal | ||
| Volume-67 Issue-6 |
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| Year of Publication : 2019 | ||
| Authors : Francis T. Omigbodun, Oluwole K. Bowoto, Prince A. Nimako, Ifeoluwa E. Elemure,Gabriel G. Ojo |
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| DOI : 10.14445/22315381/IJETT-V67I6P218 |
Citation
MLA Style: Francis T. Omigbodun, Oluwole K. Bowoto, Prince A. Nimako, Ifeoluwa E. Elemure,Gabriel G. Ojo "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 67.6 (2019): 92-97.
APA Style:Francis T. Omigbodun, Oluwole K. Bowoto, Prince A. Nimako, Ifeoluwa E. Elemure,Gabriel G. Ojo (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, 67(6), 92-97.
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.
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Keywords
3D Printers; Economic Cost; Product development; Reducing Time and Cost; Industrial Product; Service Systems; innovation;