A Hierarchical Cost Estimation Tool

By David Koonce, Robert Judd, Dusan Sormaz, Dale Masel

The estimation of the manufacturing cost of a part in all phases of the design stage is crucial to concurrent engineering. To better estimate the cost for a product, data must be available from both engineering systems and business systems. This paper presents a cost estimation system being developed to support design time cost estimation using the Federated Intelligent Product EnviRonment (FIPER), which is being developed as part of the National Institute of Standards and Technology (NIST) Advanced Technology Program (ATP). The FIPER research team is developing an architecture that interconnects design and analysis software tools in a peer level architecture to support multidisciplinary design optimization (MDO), design for six sigma (DFSS), and robust design. Click here to read more about a Hierarchical Cost Estimation Tool.

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