A generic framework for cost estimation and cost control in product design

Traditionally, cost estimation was performed after the design process, though most opportunities of cost reduction have already passed. Therefore, it is advantageous to be able to estimate the product costs early in the product development cycle. By changing the way cost estimation is dealt with, it...

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Bibliographic Details
Published inJournal of materials processing technology Vol. 103; no. 1; pp. 141 - 148
Main Authors Weustink, I.F, ten Brinke, E, Streppel, A.H, Kals, H.J.J
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.06.2000
Subjects
Cost control
Cost estimation
Generic framework
Product design
Generic framework
Product design
Cost estimation
Cost control
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Summary:Traditionally, cost estimation was performed after the design process, though most opportunities of cost reduction have already passed. Therefore, it is advantageous to be able to estimate the product costs early in the product development cycle. By changing the way cost estimation is dealt with, it is possible to utilise all opportunities of cost reduction. To be able to control the product costs, it is necessary to estimate the costs adequately and to store the cost data in a generic way. A generic framework is developed to establish these requirements. The framework, which is the basis for the control of the production costs, takes into account design, process planning and production planning aspects.
ISSN:0924-0136
DOI:10.1016/S0924-0136(00)00405-2