A Study on Retrofitting Conventional Lathe with CNC Technology
Retrofitting, CNC machine, industry 4.0, Conventional lathe machine, Automation, Low cost automation, value stream mapping
Abstract
The semi-automated conventional lathe machine is about to become obsolete as it does not meet the advance features of industry 4.0. Conventional lathe machine is widely used in educational institutes despite its limitations in precision and productivity. This
project focuses on retrofitting conventional lathe machine with the features of CNC technology by reducing the cost rather than buying a new CNC lathe machine. The objective of the project is to evaluate the feasibility of retrofitting conventional lathe by examining the key components for retrofitting, designing their integrating parts and conducting a comprehensive cost analysis. The duration of the project evaluated by using value stream mapping and critical path method which is approximately 8 months. Further a case study was conducted to find out the retrofitting challenges. The result indicate that it is feasible to do the retrofitting of lathe with low cost by considering the initial cost, maintenance cost and set up cost.
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