An extended-enterprise digital data library for through-life cost estimation in innovative product development

Wai M Cheung, Antony R Mileham, Linda B Newnes, R Marsh, J D Lanham

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Citation (Scopus)

Abstract

Traditionally, cost estimation methods are used to predict costs only after a product model has been built, and not at an early design stage when there is little data and information available. The traditional cost models and systems used require a large amount of detailed data before a cost calculation can be made. This research has identified that, one of the main challenges to improve this situation in modelling cost is data identification and collection. The aim of this paper therefore is to discuss the methods of developing an extended-enterprise digital data library, data searching and data transfer mechanisms to support through-life cost estimation in the innovative product development processes. The paper begins with an introduction of relevant research in data modelling in cost estimation. This is followed by a section, which highlights problems of performing cost estimates for innovative low volume products, and subsequently the proposed solutions and example applications.
Original languageEnglish
Title of host publicationProceedings of the 6th CIRP-Sponsored International Conference on Digital Enterprise Technology
EditorsG Q Huang, K L Mak, P G Maropoulos
Place of PublicationBerlin, Heidelberg
PublisherSpringer
Pages349-360
Number of pages12
ISBN (Electronic)978-3-642-10430-5
ISBN (Print)9783642104299
DOIs
Publication statusPublished - 2010
Event6th International Conference on Digital Enterprise Technology (DET 2009) - Hong Kong, Hong Kong
Duration: 14 Dec 200916 Dec 2009

Publication series

NameAdvances in Intelligent and Soft Computing
PublisherSpringer Verlag
Volume66

Conference

Conference6th International Conference on Digital Enterprise Technology (DET 2009)
Abbreviated titleDET2009
CountryHong Kong
CityHong Kong
Period14/12/0916/12/09

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Keywords

  • extended-enterprise digital data
  • cost estimation
  • through-life costing
  • product development

Cite this

Cheung, W. M., Mileham, A. R., Newnes, L. B., Marsh, R., & Lanham, J. D. (2010). An extended-enterprise digital data library for through-life cost estimation in innovative product development. In G. Q. Huang, K. L. Mak, & P. G. Maropoulos (Eds.), Proceedings of the 6th CIRP-Sponsored International Conference on Digital Enterprise Technology (pp. 349-360). (Advances in Intelligent and Soft Computing; Vol. 66). Berlin, Heidelberg: Springer. https://doi.org/10.1007/978-3-642-10430-5_27