Abstract
Additive manufacturing (AM) is different from other traditional production technologies. The introduction of AM parts into a product or a production process may have implications on cost structure, value creation, and revenue streams. This chapter discusses the cost and benefits associated with AM processes and products. The first half of the chapter discusses the costs of AM processes with a detailed description of cost drivers of metal and polymer AM. The main contributor of successful AM products are the unique benefits derived from using AM. They are often needed to compensate for higher costs and lower productivity compared to conventional mass production. The second half of the chapter discusses business opportunities and value creation for a local firm that uses AM and in the context of an AM ecosystem. All considerations of the economics of AM should include a wider view on the life cycle of a product, since the introduction of AM shifts costs and benefits between the product life phases.
| Original language | English |
|---|---|
| Title of host publication | Springer Handbook of Additive Manufacturing |
| Editors | Eujin Pei, Alain Bernard, Dongdong Gu, Christoph Klahn, Mario Monzón, Maren Petersen, Tao Sun |
| Publisher | Springer |
| Pages | 31-42 |
| Number of pages | 12 |
| Edition | 1 |
| ISBN (Electronic) | 9783031207525 |
| ISBN (Print) | 9783031207518 |
| DOIs | |
| Publication status | Published - 25 Oct 2023 |
Publication series
| Name | Springer Handbooks |
|---|---|
| Publisher | Springer |
| ISSN (Print) | 2522-8692 |
| ISSN (Electronic) | 2522-8706 |
Bibliographical note
Publisher Copyright:© The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.
Keywords
- Additive manufacturing
- Business
- Cost models
- Life cycle analysis
- Life cycle cost analysis
ASJC Scopus subject areas
- General
