Cost Engineering for manufacturing: Current and future research

The article aims to identify the scientific challenges and point out future research directions on Cost Engineering. The research areas covered in this article include Design Cost; Manufacturing Cost; Operating Cost; Life Cycle Cost; Risk and Uncertainty management and Affordability Engineering. Collected information at the Academic Forum on Cost Engineering held at Cranfield University in 2008 and further literature review findings are presented. The forum set the scope of the Cost Engineering research, a brainstorming was held on the forum and literatures were further reviewed to understand the current and future practices in cost engineering. The main benefits of the article include coverage of the current research on cost engineering from different perspectives and the future research areas on Cost Engineering.

[1]  Daniel DeLaurentis.  A probabilistic approach to aircraft design emphasizing stability and control uncertainties , 1998 .

[2]  Geoffrey Boothroyd,et al.  Product design for manufacture and assembly , 1994, Comput. Aided Des..

[3]  Fredrik Elgh.  A Generic Framework for Automated Cost Evaluation of Product Variants and Fabrication Plants , 2004 .

[4]  Y. Asiedu,et al.  Product life cycle cost analysis: State of the art review , 1998 .

[5]  K. Hancock.  'Can Pay? Won't Pay?' or Economic Principles of 'Affordability' , 1993 .

[6]  Christoph H. Loch,et al.  Exchanging Preliminary Information in Concurrent Engineering: Alternative Coordination Strategies , 2002, Organ. Sci..

[7]  M. Drummond,et al.  Economic Evaluation in Health Care: Merging Theory with Practice , 2002 .

[8]  Essam Shehab,et al.  Manufacturing cost modelling for concurrent product development , 2001 .

[9]  Fredrik Elgh,et al.  Concurrent cost estimation as a tool for enhanced producibility—System development and applicability for producibility studies , 2007 .

[10]  Amiya K. Chakravarty,et al.  Overlapping design and build cycles in product development , 2001, Eur. J. Oper. Res..

[11]  John Ahmet Erkoyuncu,et al.  Uncertainty challenges in service cost estimation for product- service systems in the aerospace and defence industries , 2009 .

[12]  Marvin Rausand,et al.  Life Cycle Cost (LCC) analysis in oil and chemical process industries , 1999 .

[13]  David G. Woodward,et al.  Life cycle costing—Theory, information acquisition and application , 1997 .

[14]  Jian S. Dai,et al.  Product Cost Estimation: Technique Classification and Methodology Review , 2006 .

[15]  Antony R Mileham,et al.  A Study of Life Cycle Costing in the Perspectives of Research and Commercial Applications in the 21st Century , 2007 .

[16]  Richard Kirkham,et al.  EUROLIFEFORM: An integrated probabilistic whole life cycle cost and performance model for buildings and civil infrastructure , 2004 .

[17]  Mikell P. Groover,et al.  Automation, Production Systems, and Computer-Integrated Manufacturing , 1987 .

[18]  John Ahmet Erkoyuncu,et al.  Understanding service uncertainties in industrial product–service system cost estimation , 2011 .

[19]  Robert Ries,et al.  Characterizing, Propagating, and Analyzing Uncertainty in Life‐Cycle Assessment: A Survey of Quantitative Approaches , 2007 .

[20]  Yuchun Xu,et al.  A generic life cycle cost modeling approach for aircraft system. , 2008 .

[21]  T S Baines,et al.  State-of-the-art in product-service systems , 2007 .

[22]  John Ahmet Erkoyuncu,et al.  Cost of industrial product-service systems (IPS2) , 2009 .

[23]  Ali A. Yassine,et al.  A decision analytic framework for evaluating concurrent engineering , 1999 .

[24]  Ben J Hicks,et al.  ASME Design Engineering Technical Conferences and Computers and Information in Engineering Conference , 2009 .

[25]  Halim A. Boussabaine,et al.  Whole Life Risk Analysis Techniques , 2008 .

[26]  Reinout Heijungs,et al.  A review of approaches to treat uncertainty in LCA , 2004 .

[27]  Chris A. McMahon,et al.  Uncertainty in Through-Life Costing–-Review and Perspectives , 2010, IEEE Transactions on Engineering Management.

[28]  Murray Turoff,et al.  The Delphi Method: Techniques and Applications , 1976 .

[29]  Jon C. Helton,et al.  Mathematical representation of uncertainty , 2001 .

[30]  Linda B. Newnes,et al.  A Proposed Method for Cost Estimating for Low Volume Infrequent Electronic Products , 2006, ISPE CE.

[31]  Reza H. Ahmadi,et al.  Time-Cost Trade-Offs in Overlapped Product Development , 2000, Oper. Res..

[32]  Fredrik Elgh.  Enhancing the Efficiency and Accuracy in the Quotation Process of Turned Components , 2008 .

[33]  Robert C. Wolpert,et al.  A Review of the , 1985 .

[34]  Kw Campbell,et al.  Estimating operational costs in an electric utility , 1982 .

[35]  Ahmed Al-Ashaab,et al.  An analogy based estimation framework for design rework efforts , 2013, J. Intell. Manuf..

[36]  H.J.J. Kals,et al.  A generic framework for cost estimation and cost control in product design , 1998 .

[37]  Alphonse J. Dell'Isola,et al.  Life Cycle Costing for Design Professionals , 1981 .

[38]  Linda Newnes,et al.  A critique of product and service based systems , 2009 .

[39]  Claire Milne.  Affordability of basic telephone service: an income distribution approach , 2000 .

[40]  A. Richardson,et al.  A Critique of , 2009 .

[41]  J Raftery,et al.  Costing in economic evaluation , 2000, BMJ : British Medical Journal.

[42]  Erp Readiness Assessment.  Model-Based Framework for , 2011 .

[43]  Tamio Arai,et al.  A customer value model for sustainable service design , 2009 .

[44]  R. M. Wyskida,et al.  Cost Estimator's Reference Manual , 1987 .

[45]  Pradeep K. Chintagunta,et al.  Customer Value Assessment in Business Markets: A State-of-Practice Study , 1992 .

[46]  J. S. Collofello,et al.  An investigation of techniques for addressing software affordability , 2002, Proceedings, IEEE Aerospace Conference.

[47]  Steven D. Eppinger,et al.  A Model-Based Framework to Overlap Product Development Activities , 1997 .

[48]  Qing Wang,et al.  Incorporating life cycle costing in early product design. , 2006 .

[49]  Mohammed Kishk,et al.  Combining various facets of uncertainty in whole‐life cost modelling , 2004 .

[50]  Tyson R. Browning,et al.  Modeling impacts of process architecture on cost and schedule risk in product development , 2002, IEEE Trans. Engineering Management.

[51]  Richard Curran,et al.  Review of Aerospace Engineering Cost Modelling: The Genetic Causal Approach , 2004 .

[52]  A. H. Boussabaine.  A comparative approach for modelling the cost of energy in sport facilities , 2001 .

[53]  Michael French.  Function Costing: A Potential Aid to Designers , 1990 .

[54]  Balbir S. Dhillon.  Life cycle cost: A survey , 1981 .

[55]  Didier Dubois,et al.  Fuzzy set and possibility theory-based methods in artificial intelligence , 2003, Artif. Intell..

[56]  W. M. Kroshl,et al.  Affordability Analysis for DARPA Programs , 2000 .

[57]  A. Enshassi,et al.  Ability and willingness to pay for water supply service in the Gaza Strip , 2005 .

[58]  David Stockton,et al.  Developing cost models by advanced modelling technology , 2004 .

[59]  Rajkumar Roy,et al.  Design Rework Prediction in Concurrent Design Environment: Current Trends and Future Research Directions , 2009 .

[60]  Jaime A. Camelio,et al.  Value flow characterization during product lifecycle to assist in recovery decisions , 2007 .

[61]  R. Roy,et al.  Cost modelling techniques for availability type service support contracts: a literature review and empirical study , 2010 .

[62]  Rajkumar Roy,et al.  Cost engineering: why, what and how? , 2003 .

[63]  Nafis Ahmad,et al.  CURRENT TREND IN COMPUTER AIDED PROCESS PLANNING Authers : , 2002 .

[64]  Can pay, won't pay. , 2000, Nursing times.

[65]  R. Roy,et al.  A competitive framework for industrial product-service systems , 2009 .

[66]  農林水産奨励会農林水産政策情報センター,et al.  The green book : appraisal and evaluation in central government , 2003 .

[67]  Steven D. Eppinger,et al.  A simulation-based process model for managing complex design projects , 2005, IEEE Transactions on Engineering Management.

[68]  Warren E. Walker,et al.  Defining Uncertainty: A Conceptual Basis for Uncertainty Management in Model-Based Decision Support , 2003 .

[69]  A. Freeman,et al.  SAR Applications in the 21st Century , 1995 .

[70]  Will Hughes,et al.  Risk under performance‐based contracting in the UK construction sector , 2007 .

[71]  Fredrik Elgh,et al.  Collaborative Engineering for Enhanced Producibility by Ontology-based Integration of Design and Production , 2009 .

[72]  K. Clark,et al.  Lead time in automobile product development explaining the Japanese advantage , 1989 .

[73]  Peter A. Vanrolleghem,et al.  Uncertainty in the environmental modelling process - A framework and guidance , 2007, Environ. Model. Softw..

[74]  John Ahmet Erkoyuncu,et al.  Data uncertainty assessment and information flow analysis for product-service systems in a library case study , 2010 .

[75]  Richard Kirkham,et al.  Whole Life-Cycle Costing: Risk and Risk Responses , 2003 .