Towards Cost Modelling for Rapid Prototyping and Tooling Technology-Based Investment Casting Process for Development of Low-Cost Dies

In precision manufacturing, selecting the most economically viable process is essential for low-volume, high-complexity applications. This study compares the machining process (MP), conventional investment casting (CIC), and rapid prototyping (RP) through a mathematical cost model based on the activity-based costing (ABC) approach. The model captures detailed cost drivers across design, logistics, production, and environmental dimensions. Results show that MP incurs the highest production cost (94.45%) but minimal logistics (3.43%). CIC bears the highest total cost and significant production overhead (93.2%), while RIC achieves the lowest total cost, driven by major savings in production (84.6%) and labor. Although RIC has slightly higher logistics than MP, it demonstrates superior economic efficiency for small-batch, high-accuracy production. This study provides a unified quantitative framework for cost comparison and offers valuable guidance for manufacturers aiming to enhance efficiency, sustainability, and profitability across diverse fabrication strategies.