A Framework for Life Cycle Cost Estimation of a Product Family at the Early Stage of Product Development

Suteja, The Jaya and Yarlagadda, Prasad KDV and Karim, Azarul and Yan, Cheng (2013) A Framework for Life Cycle Cost Estimation of a Product Family at the Early Stage of Product Development. Advanced Materials Research, 605. pp. 222-227. ISSN 1662-8985

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Official URL: https://www.scientific.net/AMR.605-607.222

Abstract

A cost estimation method is required to estimate the life cycle cost of a product family at the early stage of product development in order to evaluate the product family design. There are difficulties with existing cost estimation techniques in estimating the life cycle cost for a product family at the early stage of product development. This paper proposes a framework that combines a knowledge based system and an activity based costing techniques in estimating the life cycle cost of a product family at the early stage of product development. The inputs of the framework are the product family structure and its sub function. The output of the framework is the life cycle cost of a product family that consists of all costs at each product family level and the costs of each product life cycle stage. The proposed framework provides a life cycle cost estimation tool for a product family at the early stage of product development using high level information as its input. The framework makes it possible to estimate the life cycle cost of various product family that use any types of product structure. It provides detailed information related to the activity and resource costs of both parts and products that can assist the designer in analyzing the cost of the product family design. In addition, it can reduce the required amount of information and time to construct the cost estimation system.

Item Type: Article
Uncontrolled Keywords: Life Cycle Cost, Cost Estimation, Product Family, Early Design Stage.
Subjects: T Technology > TJ Mechanical engineering and machinery
Divisions: Faculty of Engineering > Department of Manufacturing Engineering
Depositing User: Jaya Suteja 61106
Date Deposited: 22 Nov 2018 03:01
Last Modified: 22 Nov 2018 03:01
URI: http://repository.ubaya.ac.id/id/eprint/33894

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