TY - JOUR
T1 - Cost data modelling and searching to support low-volume, high-complexity, long-life defence system development
AU - Cheung, Wai M.
AU - Marsh, Robert
AU - Newnes, Linda B.
AU - Mileham, Antony R.
AU - Lanham, John D.
PY - 2015/5/1
Y1 - 2015/5/1
N2 - This article presents a data modelling and a semi-automatic data searching method to support cost estimation in the product development process, particularly for low-volume, high-complexity and long-life products typified by defence products and systems. This article covers a literature review in the area of cost estimation in product development, the data sets needed to perform cost estimation, the method of modelling the data and the techniques of supporting cost data searching. The proposed method will be used to support cost estimation of product development decisions for defence electronic products. To compare with the traditional approach, the method has demonstrated that by creating a centralized environment such as the 'databases and using a data-driven' approach. The system is made more efficient by reducing the number of processes in carrying out cost estimation, and thus, this provides more information to make an informed concept design decision during the product development process based on the system's competence of instant cost estimation feedback.
AB - This article presents a data modelling and a semi-automatic data searching method to support cost estimation in the product development process, particularly for low-volume, high-complexity and long-life products typified by defence products and systems. This article covers a literature review in the area of cost estimation in product development, the data sets needed to perform cost estimation, the method of modelling the data and the techniques of supporting cost data searching. The proposed method will be used to support cost estimation of product development decisions for defence electronic products. To compare with the traditional approach, the method has demonstrated that by creating a centralized environment such as the 'databases and using a data-driven' approach. The system is made more efficient by reducing the number of processes in carrying out cost estimation, and thus, this provides more information to make an informed concept design decision during the product development process based on the system's competence of instant cost estimation feedback.
KW - cost modelling
KW - data-driven cost estimation
KW - Electronic and Mechanical Modular-based Library
KW - low-volume products
KW - Product development
UR - http://www.scopus.com/inward/record.url?scp=84955259751&partnerID=8YFLogxK
UR - http://dx.doi.org/10.1177/0954405414534226
U2 - 10.1177/0954405414534226
DO - 10.1177/0954405414534226
M3 - Article
AN - SCOPUS:84955259751
SN - 0954-4054
VL - 229
SP - 835
EP - 846
JO - Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture
JF - Proceedings of the Institution of Mechanical Engineers, Part B: Journal of Engineering Manufacture
IS - 5
ER -