Budget

* All information found in MCR pages 6-7

Budget Constraints:

The total budget for this project is $500K. This budget can be calculated by adding together energy costs and time costs, and then multiplying that by the accuracy penalty. Finally this is added to capital costs, R&D costs, and safety violations.

  • Capital Costs: The cost of all parts used to assemble the AEV.
  • Energy Costs: Each run of the AEV will cost $125K and for the performance test there is an additional charge of $500 per joule of energy used.
  • Time Costs: There will be a fee of $90K per run and during the performance test there will be an additional $1.5K per second of time used.
  • Accuracy Penalty: This will be calculated by taking the inverse of the accuracy score (out of 40 points) and multiplying that by the costs.
  • Research and Development Costs: There will be an additional charge of $25K for every 60 minutes used outside of lab time.
  • Safety Violations: Safety penalties will be given in proportion to the level of threat that that safety violation poses to the class.

Grant:

Our team was awarded with a 75% grant to use towards building our AEV’s custom parts. This will allowed the team to pay significantly less to make it’s 3D printed gear drive design.

Final Costs:

The final cost of the teams AEV ended up totaling to $1,238,337.64 which is more than double the $500k budget for the project. The large final budget is due to the penalty for being unable to complete the final performance test on the design. This incompleteness is due to the motor wearing down the inside of the gears and with more time could have been fixed resulting in a lower final cost.

AEV Parts Costs:

AEV Run Costs:

*The team was unable to collect data for Run #3 due to time constraints.

 

Total Costs: