One of the major drawbacks of present cost estimation models is their incapability of embracing effectively complete product development stage. Parametric estimation works well in early design stage, but when it comes to detail design stage, a more complete estimation is provided by process model based and detail estimation techniques. A major paradigm shift is proposed in this paper whereby “Cost” is to be considered as a design parameter from scientific perspective and it is to be treated as a design consequence rather than as an operational outcome. A comprehensive framework using System Analysis fundamentals is designed to study ‘’Process Cost” aspects of a part or a design. The paper gives detailed implementation of this new approach for objects manufactured largely by milling operation. The paper also suggests a methodology to extend this approach to other manufacturing processes. The proposed Generic Cost Estimation Model shows good agreement with cost estimation by commercial estimation software when applied to the objects manufactured by milling process. It also promises integration of “Cost” with other disciplines in Multidisciplinary Optimization and Collaborative Engineering. The integration is achievable through new information technology interface tools.
Close-Loop Cost Equation for Objects Manufactured by Milling
Contributed by the Manufacturing Engineering Division for publication in the JOURNAL OF MANUFACTURING SCIENCE AND ENGINEERING. Manuscript received Oct. 2001; Revised Oct. 2002. Associate Editor: J. Lee.
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Kulkarni , U. A., and Bao, H. P. (July 23, 2003). "Close-Loop Cost Equation for Objects Manufactured by Milling ." ASME. J. Manuf. Sci. Eng. August 2003; 125(3): 436–448. https://doi.org/10.1115/1.1578672
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