Estimate the cost of making the threaded studs, Strategic Management

Assignment Help:

Estimate the manufacturing cost for a bearing housing following the Formula Student Costing Scheme.  

Dimensions and materials of the bearing housing will depend on your student number. Drawings and Solidworks part files are provided online, adjust the designs to your specific dimensions.

 The Bearing housing assembly is composed by 4 components, plus fasteners:  

1.  Base of the pedestal

2.  Top of the pedestal

3.  Bearing (plain bearing for rapidly rotating shafts)

4.  Locking Pin (interference fitting with bearing, loose fitting with pedestal)

a.  Two threaded studs (fasteners)

b.  Two nuts  (fasteners) 

If your Student number is ABCDEF:

1940_Estimate the Cost of Making the Threaded Studs.png

Use Solidworks databases for the definition of material properties (such as material densities) and for the selection of suitable fasteners (Design library\ Solidworks toolbox)  

 The student is required to provide STAPLED TOGETHER:  

1.  The assignment sheet front-page (indicating your specific dimensions)  

2.  For each component and  final assembly:  

a.  An individual costing worksheet with detailed description of the selected manufacturing process route (1 page per each costing sheet)

b.  Associated updated engineering drawings with suitable tolerances and surface finish. Paper format: A4 BSI 

3.  Summary: Cost analysis for the  bearing housing 

a.  Summary table detailing cost for parts and assembly

b.  Table and Pie-charts detailing cost of materials and manufacturing processing (machining, set-up, assembly...).  

4.  Define the tolerance fitting required for the pin

5.  Estimate the cost of making the threaded studs in comparison to buy the fasteners (assume alloy steel)


Related Discussions:- Estimate the cost of making the threaded studs

Management decision - making case problem, Louise Nance had working on the ...

Louise Nance had working on the assembly line of the Jackson Manufacturing Company for about six months. During recent weeks, her supervisor, Ben Miller, noticed that her productio

Lienear programming , A paper mill produces two grades of paper viz., X and...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper

Technique to strategic management, A new technique to strategic management ...

A new technique to strategic management was developed in early 1990's by Drs. Robert Kaplan (Harvard Business School) and David Norton. Kaplan and Norton explain the innovation of

Topic on training, need to make a memo to company executives explaining why...

need to make a memo to company executives explaining why adequate training is important to the company and how the financial costs can be justified

Three ways of sustaining competitive , Three ways of sustaining competitive...

Three ways of sustaining competitive benefit are? Ans) differentiation, Price-based strategies and lock-in

Explain about value based management, Q. Explain about Value based manageme...

Q. Explain about Value based management? Value based management (VBM) is an approach which focuses on strategies and actions to create more value for shareholders.  Value being

What do you mean by controllable costs, Q. What do you mean by Controllable...

Q. What do you mean by Controllable costs? Controllable costs Divisional variable (marginal) cost. Divisional 'specific' fixed cost e.g. Specifically incurred by

Strategies and actions for objectives, Strategies and actions for objective...

Strategies and actions for objectives The list of strategies and actions for business objectives are as follows: The company will open the new fitness centre in Perth which

Discuss the key activities of the strategic manageme, Discuss the key activ...

Discuss the key activities of the strategic management process. Explain why it is important for managers to recognise the interdependent nature of these activities.

What do you mean by shared service centres, Q. What do you mean by Shared s...

Q. What do you mean by Shared service centres? Shared service centres "consolidate" one or more back-office operations for numerous divisions of same group to use e.g. head off

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd