Final Budget Cost for the AEV Final Design:
Total Cost=[Capital Cost+(Initial Energy Run Cost+(Energy Spent ∗$500))+(Initial Time Run Cost+(Time Spent ∗$1500))]∗Accuracy Penalty+R&D Cost+Safety Violations
After the final performance run, the cost of the AEV was calculated, and the result came out to be $525,800, which it does not reach the limit of $600K. Because of using less materials, the AEV’s capital cost went down. For instance, in the old AEV design, 2 motors and 2 propellers were used instead of 1 each, which it costs $9.9K and $450 per each respectively. Second, each initial run of the AEV’s final performance test is $125K and $99K, and in each run, AEV’s energy and time spent is added to the cost calculation. Test run came out to have 155.280 Joules and 55 seconds, which one Joule costs $500, and one second costs $1.5K. Test run came out to have perfect accuracy, with no usage of additional lab time and safety violations allowed our team to not have increased our budget of the AEV.
Current Proposal AEV Design Cost: October 16th, 2017:
Brian’s AEV Design Costs:
Hunter’s AEV Design Costs:
Josh’s AEV Design Costs:
Jiaqi’s AEV Design Costs:
Group Concept AEV Design Costs:
