Problem Statement:

Suppose after your graduation you intended to develop a mechanical workshop$/$manufacturing setup in which different manufacturing processes can be performed on commercial basis. Prepare a complete proposal that must be addressing the following points:

What type of market would you target for this workshop?

Which of the manufacturing processes are to be made available in the workshop and why? Relevance of the selected processes, among themselves and with the selected market, must be given $($there must be at least three manufacturing processes included in the proposal$)$

What should be the capacity of each equipment selected? A$,$ calculations$-$based, detailed justification of the selected machines$/$equipment be given.

What is going to be the total cost of the entire setup and how long would it take to recover this cost?

Understand the relevancy of different strategies adopted.

Explain the reasons for their dependency$/$ relevance with each other and with the overall implementation.

Develop a proposal for a real$-$life implementation keeping in view all the aspects mentioned above.

Analyze the developed proposal and assess the duration during which its total incurred cost can be recovered.

Conclude the CEP, with a discussion on the overall outcome of the implementation.

$($C$-2)$