{"id":151,"date":"2022-06-01T19:18:44","date_gmt":"2022-06-01T19:18:44","guid":{"rendered":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/?page_id=151"},"modified":"2022-06-03T18:17:41","modified_gmt":"2022-06-03T18:17:41","slug":"financial-information","status":"publish","type":"page","link":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/ai-for-the-visually-impaired\/financial-information\/","title":{"rendered":"Financial Information"},"content":{"rendered":"

The Prototype development costs were considered within the span of three months, and the total output will produce one prototype. This prototype will use different parts and materials than the mass production item, as this is a proof of concept. The funding for the prototype development will likely be granted by a medical or research grant.<\/p>\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
Prototype Development<\/td>\nNumber Needed<\/td>\nIndividual Cost ($)<\/td>\nTotal Cost ($)<\/td>\n<\/td>\n<\/tr>\n
Case<\/td>\n1<\/td>\n5.09<\/td>\n5.09<\/td>\nGeekworm UNO R3<\/a><\/td>\n<\/tr>\n
Pins<\/td>\n40<\/td>\nN\/A<\/td>\n7<\/td>\nElegoo Dupont Wire Pins<\/a><\/td>\n<\/tr>\n
Logic Board<\/td>\n1<\/td>\n23<\/td>\n23<\/td>\nArduino Uno Rev 3<\/a><\/td>\n<\/tr>\n
Ultrasonic Sensor<\/td>\n5<\/td>\n2.71<\/td>\n13.59<\/td>\n\u00a0Smraza Ultrasonic Module<\/a><\/td>\n<\/tr>\n
Haptic Motor<\/td>\n2<\/td>\n4.5<\/td>\n9<\/td>\n\u00a0Tatoko 3V Haptic Motor<\/a><\/td>\n<\/tr>\n
Arduino Speaker<\/td>\n2<\/td>\n5.5<\/td>\n11<\/td>\n\n
Maps License (Monthly)<\/td>\n1<\/td>\n20<\/td>\n60<\/td>\nGoogle Maps Pricing<\/a><\/td>\n<\/tr>\n
Labor – Hardware Engineer<\/td>\n1<\/td>\n37<\/td>\n14800<\/td>\nLabor Statistics (BLS)<\/a><\/td>\n<\/tr>\n
Labor – Logic Engineer<\/td>\n1<\/td>\n60<\/td>\n24000<\/td>\nArc Dev: Logic Engineer<\/a><\/td>\n<\/tr>\n
Total Prototype Cost ($)<\/td>\n<\/td>\n<\/td>\n38928.68<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Beta Testing development costs were also considered within the span of three months, and the goal is here to create 10 iterations of the prototype. Each new iteration will build on the qualities and rectify the downfalls of the previous iteration. The funding for the beta testing stage will likely come from a medical or charity organization.<\/p>\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n\n
Beta Testing<\/td>\nQuantity<\/td>\nIndividual Cost ($)<\/td>\nTotal Cost ($)<\/td>\nProduct Links<\/td>\n<\/tr>\n
Case<\/td>\n10<\/td>\n5.09<\/td>\n50.9<\/td>\nGeekworm UNO R3<\/a><\/td>\n<\/tr>\n
Pins<\/td>\n400<\/td>\nN\/A<\/td>\n70<\/td>\n\n
Logic Board<\/td>\n10<\/td>\n23<\/td>\n230<\/td>\nArduino Uno Rev 3<\/a><\/td>\n<\/tr>\n
Ultrasonic Sensors<\/td>\n50<\/td>\n2.71<\/td>\n135.9<\/td>\n\n
Haptic Motors<\/td>\n20<\/td>\n4.5<\/td>\n90<\/td>\nTatoko 3V Motor<\/a><\/td>\n<\/tr>\n
Speaker<\/td>\n20<\/td>\n5.5<\/td>\n110<\/td>\nMakerHawk Arduino Speaker<\/a><\/td>\n<\/tr>\n
Maps License (Monthly)<\/td>\n1<\/td>\n20<\/td>\n600<\/td>\n\n
Labor – Hardware Engineer<\/td>\n1<\/td>\n37<\/td>\n14800<\/td>\nLabor Statistics (BLS)<\/a><\/td>\n<\/tr>\n
Labor – Logic Engineer<\/td>\n1<\/td>\n60<\/td>\n24000<\/td>\nArc Dev<\/a><\/td>\n<\/tr>\n
Total Beta Test Cost ($)<\/td>\n<\/td>\n<\/td>\n40086.8<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The Mass Production development costs were not considered with any timeframe in mind, as it is meant to be a continuous operation. As such, the inclusion of a wage for labor just indicates how many people we would likely need to assemble components given mass production. The parts used in this stage will be different from the other stages, as this will be cheaper in mass production. Funding for the mass production of the completed product will most likely be handled by collaborating with health technology companies such as Johnson & Johnson or Integra LifeSciences.<\/span><\/p>\n\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n\n
Mass Production<\/td>\nQuantity<\/td>\nIndividual Cost ($)<\/td>\nTotal Cost ($)<\/td>\nProduct Links<\/td>\n<\/tr>\n
Case<\/td>\n1000<\/td>\n2.38<\/td>\n2380<\/td>\n\n
Pins<\/td>\n40000<\/td>\n0.0165<\/td>\n660<\/td>\n\n
Logic Board<\/td>\n1000<\/td>\n12.74<\/td>\n12740<\/td>\n\n
Ultrasonic Sensors<\/td>\n5000<\/td>\n2.82<\/td>\n14100<\/td>\n\n
Haptic Motors<\/td>\n2000<\/td>\n0.78<\/td>\n1560<\/td>\nMicro Vibration Motor<\/a><\/td>\n<\/tr>\n
Speaker<\/td>\n2000<\/td>\n3<\/td>\n6000<\/td>\n\n
Assembly Labor<\/td>\n5<\/td>\n19.31<\/td>\n1931<\/td>\nIndeed Technician Salary<\/a><\/td>\n<\/tr>\n
Shipping (UPS Extra Large)<\/td>\n1<\/td>\n24.3<\/td>\n24.3<\/td>\nUSPS Shipping<\/a><\/td>\n<\/tr>\n
Total Mass Production Cost ($)<\/td>\n<\/td>\n<\/td>\n39395.3<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Prototype development costs were considered within the span of three months, and the total output will produce one prototype. This prototype will use different parts and materials than the mass production item, as this is a proof of concept. The funding for the prototype development will likely be granted by a medical or research… Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":12508,"featured_media":0,"parent":131,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-151","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/users\/12508"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/comments?post=151"}],"version-history":[{"count":18,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/151\/revisions"}],"predecessor-version":[{"id":372,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/151\/revisions\/372"}],"up":[{"embeddable":true,"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/pages\/131"}],"wp:attachment":[{"href":"https:\/\/blogs.oregonstate.edu\/thepromiseoftechnologyproject\/wp-json\/wp\/v2\/media?parent=151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}