New Approach in Cost Structuring of High Speed Hard Turning

Abstract:

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Cost structuring of new technology is a critical mission which needs to be developed systematically to get accurate cost estimation. In this research a new approach was proposed and developed for cost structuring a new process. Cost modeling roadmap was proposed to guide the development of genetic cost model by integrating different cost estimating methods and supporting the optimum solution by using statistical techniques in modeling the cost in high speed hard turning, then by building logical relationships between the different effective variables through three levels of cost drivers; main drivers, process and technical drivers and final drivers. Finally a matlab model was developed for simulating the final cost drivers to study the effect of different parameters on the cost drivers.

Info:

Periodical:

Advanced Materials Research (Volumes 264-265)

Edited by:

M.S.J. Hashmi, S. Mridha and S. Naher

Pages:

1003-1008

DOI:

10.4028/www.scientific.net/AMR.264-265.1003

Citation:

M. H.F. Al Hazza and E. Y. T. Adesta, "New Approach in Cost Structuring of High Speed Hard Turning", Advanced Materials Research, Vols. 264-265, pp. 1003-1008, 2011

Online since:

June 2011

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Price:

$35.00

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