A Computer-Based Economic Analysis for Manufacturing Process SelectionProceedings of the 2008 IAJC-IJME International Conference: Nashville, TN
AbstractAn important part of financial planning in product development is considering whether the capital expenditures meet volume and cost goals. A good business plan should provide investors with the implications of process selection on the company's bottom line. It is estimated that there are least 1000 manufacturing processes and sub-processes. Considering the number of process choices and quantity of cost data, an economic analysis for process selection may pose a challenge for decision makers. This paper provides an insight to Ashby’s cost modeling method for generating an estimate of unit product cost. The cost model provides a broad indicator for competing processes for shaping a product at the early stage of product development. This model takes into account the cost of resources associated with manufacturing a component. Using the Cambridge Engineering Selector software the impact of various cost factors on process selection is investigated.
Copyright2008 International Journal of Modern Engineering (IJME).
Number of Pages9
Citation InformationManocher Djassemi. "A Computer-Based Economic Analysis for Manufacturing Process Selection" Proceedings of the 2008 IAJC-IJME International Conference: Nashville, TN (2008)
Available at: http://works.bepress.com/djassemi/19/