Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period
The rapid sand casting of sand moulds has gained significant attention in the foundry industry. However, existing technologies for this process are still quite expensive, and financial assessments are required to justify the adoption of this process in foundries. To that end, a paper was previously...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2024-01-01
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| Series: | MATEC Web of Conferences |
| Online Access: | https://www.matec-conferences.org/articles/matecconf/pdf/2024/18/matecconf_rapdasa2024_11001.pdf |
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| _version_ | 1850062735016984576 |
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| author | Msani Anazo Nyembwe Didier |
| author_facet | Msani Anazo Nyembwe Didier |
| author_sort | Msani Anazo |
| collection | DOAJ |
| description | The rapid sand casting of sand moulds has gained significant attention in the foundry industry. However, existing technologies for this process are still quite expensive, and financial assessments are required to justify the adoption of this process in foundries. To that end, a paper was previously published on the financial feasibility of the Voxeljet VX1000 system using the payback period method. This study takes the analysis one step further by considering the time value of money by using a discounted payback period method. The accuracy of the two methods as a means of providing accurate results is compared to guide local foundry men in adopting this process in the local foundry industry. |
| format | Article |
| id | doaj-art-dbf67ec614fc47bcabfc4d4cf01b3f9d |
| institution | DOAJ |
| issn | 2261-236X |
| language | English |
| publishDate | 2024-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | MATEC Web of Conferences |
| spelling | doaj-art-dbf67ec614fc47bcabfc4d4cf01b3f9d2025-08-20T02:49:50ZengEDP SciencesMATEC Web of Conferences2261-236X2024-01-014061100110.1051/matecconf/202440611001matecconf_rapdasa2024_11001Assessment of the financial feasibility of the rapid sand casting process using the discounted payback periodMsani Anazo0Nyembwe Didier1Department of Engineering Management, University of JohannesburgDepartment of Mechanical and Mechatronic Engineering, Cape Peninsula University of TechnologyThe rapid sand casting of sand moulds has gained significant attention in the foundry industry. However, existing technologies for this process are still quite expensive, and financial assessments are required to justify the adoption of this process in foundries. To that end, a paper was previously published on the financial feasibility of the Voxeljet VX1000 system using the payback period method. This study takes the analysis one step further by considering the time value of money by using a discounted payback period method. The accuracy of the two methods as a means of providing accurate results is compared to guide local foundry men in adopting this process in the local foundry industry.https://www.matec-conferences.org/articles/matecconf/pdf/2024/18/matecconf_rapdasa2024_11001.pdf |
| spellingShingle | Msani Anazo Nyembwe Didier Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period MATEC Web of Conferences |
| title | Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period |
| title_full | Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period |
| title_fullStr | Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period |
| title_full_unstemmed | Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period |
| title_short | Assessment of the financial feasibility of the rapid sand casting process using the discounted payback period |
| title_sort | assessment of the financial feasibility of the rapid sand casting process using the discounted payback period |
| url | https://www.matec-conferences.org/articles/matecconf/pdf/2024/18/matecconf_rapdasa2024_11001.pdf |
| work_keys_str_mv | AT msanianazo assessmentofthefinancialfeasibilityoftherapidsandcastingprocessusingthediscountedpaybackperiod AT nyembwedidier assessmentofthefinancialfeasibilityoftherapidsandcastingprocessusingthediscountedpaybackperiod |