Flexure Design: Maximizing Elasticity

This lecture covers the design principles for maximizing elasticity in flexures, focusing on factors such as clamping length, surface treatment, and surface finish selection. It also explores the need for nanometric positioning precision, applications in extreme environments, long lifetimes, and high efficiency systems. The lecture delves into new manufacturing technologies like Wire Electrical-Discharge-Machining and Silicon Etching, emphasizing advantages such as no contact friction, high efficiency, and monolithic design. Challenges such as limited stroke and support stiffness are discussed, along with analytical dimensioning tools and manufacturing considerations. Additionally, the lecture introduces the concept of Martin Grübler's Mobility in articulated structures.

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Price elasticity of demand

A good's price elasticity of demand (, PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good, but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent increase in price, holding everything else constant. If the elasticity is −2, that means a one percent price rise leads to a two percent decline in quantity demanded.

Direct stiffness method

As one of the methods of structural analysis, the direct stiffness method, also known as the matrix stiffness method, is particularly suited for computer-automated analysis of complex structures including the statically indeterminate type. It is a matrix method that makes use of the members' stiffness relations for computing member forces and displacements in structures. The direct stiffness method is the most common implementation of the finite element method (FEM).

Profit maximization

In economics, profit maximization is the short run or long run process by which a firm may determine the price, input and output levels that will lead to the highest possible total profit (or just profit in short). In neoclassical economics, which is currently the mainstream approach to microeconomics, the firm is assumed to be a "rational agent" (whether operating in a perfectly competitive market or otherwise) which wants to maximize its total profit, which is the difference between its total revenue and its total cost.

Elasticity (economics)

In economics, elasticity measures the responsiveness of one economic variable to a change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the quantity demanded to fall by 20%. Elasticity in economics provides an understanding of changes in the behavior of the buyers and sellers with price changes. There are two types of elasticity for demand and supply, one is inelastic demand and supply and other one is elastic demand and supply.

Speeds and feeds

The phrase speeds and feeds or feeds and speeds refers to two separate velocities in machine tool practice, cutting speed and feed rate. They are often considered as a pair because of their combined effect on the cutting process. Each, however, can also be considered and analyzed in its own right. Cutting speed (also called surface speed or simply speed) is the speed difference (relative velocity) between the cutting tool and the surface of the workpiece it is operating on.

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