TY - JOUR
T1 - Cost Data Modelling and Searching to Support Low Volume, High Complexity, Long Life Defence Systems Development
AU - Cheung, Wai Ming
AU - Marsh, Robert
AU - Newnes, Linda
AU - Mileham, Antony
AU - Lanham, John
N1 - Published online before print - 13 June 2014
PY - 2015/5
Y1 - 2015/5
N2 - This paper 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. The paper 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 centralised 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 systems competence of instant cost estimation feedback.
AB - This paper 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. The paper 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 centralised 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 systems competence of instant cost estimation feedback.
U2 - 10.1177/0954405414534226
DO - 10.1177/0954405414534226
M3 - Article
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 -