Estimating life cycle cost for a product family design: The challenges
Paper
Paper/Presentation Title | Estimating life cycle cost for a product family design: The |
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Presentation Type | Paper |
Authors | Suteja, T. J., Karim, A., Yarlagadda, P. K. D. V. and Yan, C. |
Journal or Proceedings Title | IOP Conference Series: Materials Science and Engineering |
Journal Citation | 273 (1), pp. 1-7 |
Article Number | 012026 |
Number of Pages | 7 |
Year | 2017 |
Publisher | IOP Publishing |
Place of Publication | United Kingdom |
ISSN | 1757-8981 |
1757-899X | |
Digital Object Identifier (DOI) | https://doi.org/10.1088/1757-899X/273/1/012026 |
Web Address (URL) of Paper | https://iopscience.iop.org/article/10.1088/1757-899X/245/1/012026 |
Conference/Event | 1st International Conference on Informatics, Technology and Engineering (INCITE 2017) |
Event Details | 1st International Conference on Informatics, Technology and Engineering (INCITE 2017) Delivery In person Event Date 24 to end of 25 Aug 2017 Event Location Indonesia Event Venue University of Surabaya |
Abstract | A cost estimation system is required to assist in designing a product family. The aim of this paper is to identify the requirements and the problems in estimating the life cycle cost of a product family. Then, this paper also presents the state-of-the-art and the research challenges in developing a life cycle cost estimation system for a product family design. As the conclusion, the life cycle cost estimation process for a product family still needs to face the challenges to determine the end of life strategy of each sub module of a product family, to integrate the end of life strategy to estimate the life cycle cost of a product family, to estimate the life cycle cost of each component level of a product family for design purposes and for different technologies and approaches, to reduce the required time and effort for updating process in estimating the life cycle cost for different structures of different product families, and to transform the available information into the required information in order to estimate the life cycle cost of a product family at the early stage of product development. |
Keywords | Cost benefit analysis; Cost estimating; Costs; Product design |
Series | IOP Conference Series-Materials Science and Engineering |
Byline Affiliations | State University of Surabaya, Indonesia |
Queensland University of Technology |
https://research.usq.edu.au/item/w4593/estimating-life-cycle-cost-for-a-product-family-design-the-challenges
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License: CC BY 3.0 | ||
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