Details
| Original language | English |
|---|---|
| Pages (from-to) | 121-130 |
| Number of pages | 10 |
| Journal | Proceedings of the International Conference on Engineering Design, ICED |
| Volume | 5 |
| Issue number | DS87-5 |
| Publication status | Published - 2017 |
| Event | 21st International Conference on Engineering Design, ICED 2017 - Vancouver, Canada Duration: 21 Aug 2017 → 25 Aug 2017 |
Abstract
Optimizing cost drivers is one of the key success factors within product development. Approaches to develop cost-efficient products are deeply rooted in standard design methodology. However, in most instances manufacturing costs are in primary focus. Against the background of current trends in various industries, the life cycle of a product becomes more and more important, which results in the necessity of considering costs from the use phases as well. Designing a product with low life cycle costs poses a significant challenge. Various dependent influences lead to trade-off decisions with the involvement of subject matter experts. Focus on the most important cost influences in different life cycle phases is essential for a fast, efficient, and standardized process to optimize costs. This paper describes a holistic life cycle costing approach for cost management in product development. Based on cost modeling, a systematic way to optimize capital and operational cost drivers is explained. Relations and trade-offs between costs from different phases of the life cycle are presented. Also, a case study performed with an industry partner demonstrates the application of the model.
Keywords
- Cost drivers, Design costing, Design methodology, Product lifecycle management (PLM)
ASJC Scopus subject areas
- Engineering(all)
- Engineering (miscellaneous)
- Engineering(all)
- Industrial and Manufacturing Engineering
- Mathematics(all)
- Modelling and Simulation
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In: Proceedings of the International Conference on Engineering Design, ICED, Vol. 5, No. DS87-5, 2017, p. 121-130.
Research output: Contribution to journal › Conference article › Research › peer review
}
TY - JOUR
T1 - Systematic approach to optimize cost drivers based on life cycle cost modeling
AU - Johannknecht, Florian
AU - Gatzen, Matthias
AU - Lachmayer, Roland
PY - 2017
Y1 - 2017
N2 - Optimizing cost drivers is one of the key success factors within product development. Approaches to develop cost-efficient products are deeply rooted in standard design methodology. However, in most instances manufacturing costs are in primary focus. Against the background of current trends in various industries, the life cycle of a product becomes more and more important, which results in the necessity of considering costs from the use phases as well. Designing a product with low life cycle costs poses a significant challenge. Various dependent influences lead to trade-off decisions with the involvement of subject matter experts. Focus on the most important cost influences in different life cycle phases is essential for a fast, efficient, and standardized process to optimize costs. This paper describes a holistic life cycle costing approach for cost management in product development. Based on cost modeling, a systematic way to optimize capital and operational cost drivers is explained. Relations and trade-offs between costs from different phases of the life cycle are presented. Also, a case study performed with an industry partner demonstrates the application of the model.
AB - Optimizing cost drivers is one of the key success factors within product development. Approaches to develop cost-efficient products are deeply rooted in standard design methodology. However, in most instances manufacturing costs are in primary focus. Against the background of current trends in various industries, the life cycle of a product becomes more and more important, which results in the necessity of considering costs from the use phases as well. Designing a product with low life cycle costs poses a significant challenge. Various dependent influences lead to trade-off decisions with the involvement of subject matter experts. Focus on the most important cost influences in different life cycle phases is essential for a fast, efficient, and standardized process to optimize costs. This paper describes a holistic life cycle costing approach for cost management in product development. Based on cost modeling, a systematic way to optimize capital and operational cost drivers is explained. Relations and trade-offs between costs from different phases of the life cycle are presented. Also, a case study performed with an industry partner demonstrates the application of the model.
KW - Cost drivers
KW - Design costing
KW - Design methodology
KW - Product lifecycle management (PLM)
UR - http://www.scopus.com/inward/record.url?scp=85029818814&partnerID=8YFLogxK
M3 - Conference article
AN - SCOPUS:85029818814
VL - 5
SP - 121
EP - 130
JO - Proceedings of the International Conference on Engineering Design, ICED
JF - Proceedings of the International Conference on Engineering Design, ICED
SN - 2220-4334
IS - DS87-5
T2 - 21st International Conference on Engineering Design, ICED 2017
Y2 - 21 August 2017 through 25 August 2017
ER -