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ASM Handbook

Materials Selection and Design

Edited by
George E. Dieter
George E. Dieter
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ASM International
Volume
20
ISBN electronic:
978-1-62708-194-8
Publication date:
1997
Book Chapter

Manufacturing Cost Estimating

By
David P. Hoult
David P. Hoult
Massachusetts Institute of Technology
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C. Lawrence Meador
C. Lawrence Meador
Massachusetts Institute of Technology
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Published:
1997
Page range:
716 - 722

Abstract

This article focuses on products defined by dimensions and tolerances and fabricated by some manufacturing process. It describes the general concepts associated with cost estimation. These include domain limitation, database commonality, cost allocation, and elements of cost. The article discusses the three methods of cost estimation, namely, parametric methods, empirical methods, and complexity theory. Examples of the methods of cost estimation are presented. The article concludes with a discussion on recommendations for cost estimation.

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David P. Hoult, C. Lawrence Meador, 1997. "Manufacturing Cost Estimating", Materials Selection and Design, George E. Dieter

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