...3D printing economic questions and considerations 3D printing economic questions and considerations Definition Three dimensional printing refers to a procedure that employs the formation of solid three dimensional objects that can take the form of any shape desired based on the designs of a digital model. In order to achieve a three dimensional print output, one is required to utilize the additive procedure that involves the use of successive material layers that are laid in arrangement such that different shapes are displayed. There have been considerations of three dimensional printing as technique of traditional machining that greatly relies on material removal through use of methods such as drilling and cutting which is part of the subtractive procedure. I) History of 3D printing technology The historical development and context of 3D printing technology Three dimensional printing has existed for over thirty years, long before it was popularized. From the 1980s this technology utilized the inclusion of a layer fused in powdered material with the combination of a laser as well as dispersion of plastic that was melted through a nozzle system and resin that was photo-cursed. Nonetheless, three dimensional printers remained expense ice and where characterized as being sluggish with inefficiencies as the industry redeveloped at a slow pace during that era (Lanzetta & Sachs, 2003). The rapid popularization and growth of three dimensional printing begun only after the start...
Words: 2929 - Pages: 12
...3D printing economic questions and considerations Charles Hope DeVry University 3D printing economic questions and considerations Definition Three dimensional printing refers to a procedure that employs the formation of solid three dimensional objects that can take the form of any shape desired based on the designs of a digital model. In order to achieve a three dimensional print output, one is required to utilize the additive procedure that involves the use of successive material layers that are laid in arrangement such that different shapes are displayed. There have been considerations of three dimensional printing as technique of traditional machining that greatly relies on material removal through use of methods such as drilling and cutting which is part of the subtractive procedure. I) History of 3D printing technology The historical development and context of 3D printing technology Three dimensional printing has existed for over thirty years, long before it was popularized. From the 1980s this technology utilized the inclusion of a layer fused in powdered material with the combination of a laser as well as dispersion of plastic that was melted through a nozzle system and resin that was photo-cursed. Nonetheless, three dimensional printers remained expense ice and where characterized as being sluggish with inefficiencies as the industry redeveloped at a slow pace during that era (Lanzetta & Sachs, 2003). The rapid popularization and growth of three dimensional...
Words: 2939 - Pages: 12
...3D Printing: Manufacturing Randall Ballard, Jerry Boggs, Bol Bol, and Jiro Newton DeVry University LAS 432 Professor Lynn Wallace April 19, 2014 Table of Contents I. 3D Printing: Manufacturing – Randall, Jerry, Bol, and Jiro 4 II. How 3D Printing Works – Randall 4 a. 3D Printing or Additive Manufacturing? 5 b. Commercial Manufacturing 5 III. The Historical Development and Context of the Technology – Randall 6 c. Chuck Hall 6 i. Time line. 7 d. A 3D Printer in Every Home 7 IV. How New is the Technology? – Jerry 8 e. Is it Really Printing? 8 V. The Technology’s Potential to Disrupt Industries – Jerry 9 VI. Communicating With the 3D Printer – Jerry 9 f. The Process 10 ii. The 8-step process. 10 g. Reducing the Development Time 11 VII. Economic Considerations – Jerry 11 h. Rapid Prototyping 12 i. What Is the ROI? 12 j. Manufacturing Processes 13 iii. Economies of scale. 13 k. The Level of Interest 14 iv. Digitizing creative content. 14 v. Is it your creation? 15 l. Localization vs. Outsourcing 15 VIII. The Psychological Perspective & Social Effect – Jerry 16 m. A Paradigm Shift...
Words: 9864 - Pages: 40
...THE INFLUENCE OF DISRUPTIVE INNOVATIONS ON NEW AND EXISTING BUSINESS MODELS. Introduction A disruptive innovation can be simply referred to as the application of technological advancement, product, or service that eventually overturns the existing dominant technology or status quo product in the market. Disruptive innovations are innovations that helps create a new market and value network, and eventually goes on to disrupt an existing market and value network (over a few years or decades), displacing an earlier technology. The term is used in business and technology literature to describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in a new market and later by lowering prices in the existing market. Some examples of disruptive innovations include: telephones replacing telegraphs, cell phones replacing land lines, digital photography replacing films etc In today’s complex, dynamic business world, having a disruptive innovation capability is mandatory, both for growing a business and protecting existing markets. But leading disruptive innovation requires new mindsets and behaviors, for leaders themselves and for the organizations that develop them. Disruptive Innovation is not a break through innovation that makes good products a lot better; it transforms a products that is expensive and complicated as such only few people with a lot of money could afford it. Disruptive Innovation...
Words: 1676 - Pages: 7
...1) TOPIC a) 3D Printing 2) GROUP A MEMBERS b) Colette Davis: Team Lead c) Ryan Cornell: Assistant Team Lead/ Research & Writing d) Tess Bayne: Research & Writing e) Kimberly Brooks: Research & Writing f) Lindsay Clark: Research & Writing 3) THESIS STATEMENT g) 3D printing could potentially change the world as we know it. Through further research and development, this technology has the potential to save lives through medical uses, equip military members with necessary tools, reduce manufacturing costs, and help the environment. 4) INTRODUCTION h) Today, 3D printers have evolved to make a variety of objects using a laser or extruder (the material output part of the printer, best described as a futuristic hot glue gun) that move along an X, Y and Z axis to build an object in three dimensions, layer by layer, sometimes only microns thick at a time, depending on the desired resolution of the object. This method eliminates a lot of wasted materials. For example, in ship manufacturing any leftover powdered substrate can be immediately used on another project, alleviating the need for injection molding, setup costs, cutting, sanding, drilling and having scraps of material left over, as is common with traditional manufacturing methods. (Hart, 2012) i) The history of this technology must first begin by briefly describing the history of all printing methods. Without those first basic principles...
Words: 1060 - Pages: 5
...Brent Tucker Professor: Lynn Wallace Topic: 3-D Printing Thesis: 3-D Printing will have a major effect on how we live our lives by making products easier and faster to make. Resource Review 1. Political and legal influences How would legal issues arise? The field of 3-D printing is broad enough that the industry doesn't have to worry too much about legal issues at this point.. Any regulation that might be passed would likely target an application (like printing firearms) rather than the technology itself. But that doesn't mean litigation and other legal issues might not slow 3-D printing's acceleration. Not surprisingly, this relatively new technology has raised many legal issues. “Senator Charles E. Schumer has called for legislation banning 3D printed guns since manufacturing such plastic weapons could easily circumvent background checks, registration requirements and metal detectors” A. What laws are in place to protect 3D printing? Currently few laws are in place, Patents are protecting the process until 2014 2. Economic questions and considerations A. Will jobs be lost due to 3-D printing technology? As new technology comes jobs are lost, with the technology of 3D printing a customer that needs a part for his car will no longer have to go to the store to purchase the part, he will go to his 3D printer. Even the tools used to install them can be printed. “We’re on the verge of the next industrial revolution, no doubt about it,” added...
Words: 562 - Pages: 3
...How Robots Are Building a 3D-Printed Metal Bridge in Amsterdam 1) Title Slide 2) Article Information 3) Key Terms and Vocabulary * MX3D – is a company that researches and develops robotic 3D print technology. * Selective Laser Melting (SLM) - is a manufacturing process that uses 3D CAD data as a digital information source and energy in the form of a high-power laser beam, to create three-dimensional metal parts by fusing fine metal powders together. * Welding - is a fabrication or sculptural process that joins materials, usually metals or thermoplastics, by causing fusion, which is distinct from lower temperature metal-joining techniques such as brazing and soldering, which do not melt the base metal. * Autodesk - is the California-based software company behind AutoCAD, a computer-aided design software that helps architects and engineers model real-world objects in the digital sphere. 4) What is this 3D Printed Metal Bridge? The 3D printer bridge, which is on track to be completed by 2017, is one of MX3D creations. The bridge will be constructed entirely by robots that can "print" complex steel objects in midair. The bots are like mechanical, welders that melt together layer upon layer of steel to form a solid object. It's the first time that Tim Geurtjens (The Co-founder and chief of MX3D) and his colleagues are designing and building a bridge using this printing technology. Until now, the company was mainly using its robots to...
Words: 971 - Pages: 4
...Alfred State College Technology Forecast & Assessment of 3D Printing Anthony Prete TMGT 7003: Technology Innovation 27 September 2015 Table of Contents Executive Summary 2 Introduction 3 Application Areas of 3D Printing 4 Innovation Type 4 Product or Process or Organizational 5 Radical or Incremental 5 Component or Architectural 5 Competency Enhancing or Competency Destroying 6 Technology Life Cycle Stage 6 Pre- Commercial or Commercial Period 6 Field Trials 6 Technology Divergence & Convergence 6 Technological Divergence 6 Technological Convergence 7 Technology Forecast 7 Future-Aligning 8 Self-Fulfilling 9 Forecast Intent 9 Factors Impacting Adoption 9 Technological Factors 9 Social Factors 9 Economic Factors 9 Political Factors 10 Ecological Factors 10 3D Printing is Coming 10 Works Cited 11 Executive Summary You might have heard of 3D printing from newscasters and journalists, astonished at what they’ve witnessed. It can print in plastic, metal, nylon, and over a hundred of other materials. 3D printing can be used to print little objects of candy to producing a whole apartment complex. 3D printing has been used over recent years to print small scale objects. However, some architects and other construction professionals are looking to introduce 3D printing technology in the construction industry. The research below will cover: application areas of the technology, type of innovation, technology life...
Words: 3950 - Pages: 16
...[Energy Efficient Material as 3D Printing Supplies] Contents 1. Introduction 1.1 Background…………………………………………………………… 1.2 Definition of Terms…………………………………………………… 1.3 Objective……………………………………………………………… 1.4 Overview……………………………………………………………… 2. Needs for Energy Efficient Materials 2.1 Contemporarily Used Materials……………………………………… 2.2 Reason for Energy Efficient Materials……………………………… 3. Properties and Development of Energy Efficient Materials 3.1 Properties…………………………………………………………… 3.2 Development………………………………………………………… 4. Advantages and Disadvantages of 3D Printing Energy Efficient Supplies Compared to Conventional Materials 4.1 Advantages…………………………………………………………… 4.2 Disadvantages………………………………………………………… 5. Opportunities for the Development of Energy Efficient Materials in 3D Printing 6. Recommended Solutions to Deal with Challenges for Energy Efficient Materials in 3D Printing 7. Conclusion 8. References 3 Energy Efficient Material as 3D Printing Supplies 1. Introduction 1.1 Background The 3D printing technology has become popular nowadays (Sharma, 2013). This technology has made it possible for mankind to produce almost everything they can imagine. Furthermore, since the energy efficient material is a new concept that has been developed in recent years, a discussion on the potential application of those materials in this additive manufacturing method appears to be necessary. 1.2 Definition of Terms As the first issue of this essay, some key terms should be...
Words: 2737 - Pages: 11
...McKinsey Global Institute May 2013 Disruptive technologies: Advances that will transform life, business, and the global economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on four themes: productivity and growth, the evolution of global financial markets, the economic impact of technology and innovation, and urbanization. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. MGI is led by McKinsey & Company directors Richard Dobbs and James Manyika. Yougang Chen, Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world...
Words: 10687 - Pages: 43
...McKinsey Global Institute May 2013 Disruptive technologies: Advances that will transform life, business, and the global economy The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our “micro-to-macro” methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on four themes: productivity and growth, the evolution of global financial markets, the economic impact of technology and innovation, and urbanization. Recent reports have assessed job creation, resource productivity, cities of the future, and the impact of the Internet. MGI is led by McKinsey & Company directors Richard Dobbs and James Manyika. Yougang Chen, Michael Chui, Susan Lund, and Jaana Remes serve as MGI principals. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world. These teams draw...
Words: 80396 - Pages: 322
...Bullwhip Effect Analysis A significant phenomenon in supply chain management (SCM), first observed by Forrester (1961), shows that the orders variability along the upstream direction is amplified in supply chain networks. Subsequently this observation was termed as bullwhip effect by Lee, Padmanabhan, and Whang (1997a, 1997b). Such extreme distortion for the actual end customer demand to upstream have been proved to significantly increase costs and lower performance (Chen, L. and Lee, H. L. 2012; Wang, X. and Disney, S. M. 2016). In this regard, many research has been achieved to investigate the bullwhip effects from the perspective of supply chain and operation research. In construction industry, Taylor, J. and Bjornsson, H. (1999) firstly studied demand distortion of construction material and discovered that cumulative orders from contractors amplified along the upstream to the supply house due to the inability to share information. However, unfortunately, very limited research has been done to focus on the bullwhip effect in construction industry. Current study regarding the reduction of bullwhip effect can be briefly divided into three main aspects. One stream is to focus on information sharing mechanism to decrease bullwhip effect as well as increase supply chain stability (Ouyang, Y. 2007; Agrawal, S. et al., 2009; Dai, H. et al., 2016, Dominguez, R. et al., 2014). In fact, technologies, aimed at enhancing information sharing and communication mechanism, has been broadly...
Words: 1022 - Pages: 5
...increasing population has an effect on the demand of our products. Recently, between 2008 and 2012, Canada’s population grew at an average annual rate of approximately 1.00%, mainly from the strong immigration, and it is also estimated that the population will exceed 39 million by 2031. This steady increase in population will directly enlarge the consumer groups, which will increase the demand of all kinds of product as well as our four season shoes in current market. Also, population aging does a great impact on the sale of our products. By 2010, Generation X who was born between 1967 and 1976 is served as the primary market. They respond to socially responsible companies that aim to maintain the balance between the economy and the ecosystem, which means such eco-friendly products as our four season shoes will cater to their tastes. Technological forces : One major trend in the technological environment has been the creation of the 3D printer. Many shoe companies are now looking into making both non-customized, mass produced shoes, as well as shoes that are customized for each customer. Two examples are Nike and New Balance; both companies have been using this technology to create running shoes, with Nike making non-customized shoes and New Balance creating customized ones (Fitzgerald, 2013). This new technology presents a positive effect for our product because this new technology can allow us to produce our shoes in a more efficient way. 3D printing can allow for the easy production...
Words: 1098 - Pages: 5
...the world order and brought about several challenges for the international system. This occurrence, which was received with mixed feelings around the world, became the precursor of many challenges that we currently face as global citizens. The fall of communism and rapid spread of democracy around the world led to the fall of several autocratic regimes. This was followed by violent conflicts especially in sub-Saharan Africa and parts of Eastern Europe as people demanded more rights and freedom from oppression. Additionally, the advent of globalization which was brought about by rapid technological developments especially in the field of Information Technology (IT) led to interconnectedness among nations and economic interdependence. In my opinion, globalization and economic interdependence have been beneficial to most people in the world. However, the contemporary world is faced with several challenges which constitute threats to future global stability, security and prosperity. 2. This essay will portray my personal views of those threats that I perceive to be the most potent and thus represent the modern equivalents of the four horsemen of the apocalypse. In my view, the main drivers of change in today’s world are poverty, religious extremism, technological advancement and climate change. POVERTY 3. I believe that poverty is perhaps the underlying reason for most conflicts in the world today. A vast majority of the world’s population lives in very poor conditions without...
Words: 1504 - Pages: 7
...3-D Printing Will Change the World The versatile 3-D printing technology that has recently emerged seems to have the potential to create dramatic, game-changing new possibilities within a variety of existing businesses (D’aveni, 2013). The technology adapts the previously existing, seemingly banal technology of printer toner, utilizing a method based off of that technology to produce solid objects constructed from substances sprayed from within the 3-D printer itself. This technology is likely to become particularly important, because it will allow for the possibility of manufacturing items physically closer to their point of destination at more economical price points, perhaps rendering much of the loss of relative industrial strength that many Western countries have experienced over the last century irrelevant. Perhaps just as critically, 3-D printing creates the potential for nearly infinite customization of existing items to user specifications, since this customization will not require alterations to machinery, but merely slight changes to a technological blueprint contained in the software uploaded to the printer. This will likely enable the printer’s user to apply their imagination to new possessions as has never been possible in the past, creating a set of products that are more specialized to user tastes than any products of the same kind in the past, except at a much higher price point. In addition to these ideas, D’aveni also suggests this technology should erode...
Words: 615 - Pages: 3
