Development of a Hybrid Life Cycle Cost Model for Estimating Product Design Alternatives in Cloud Computing Based Collaborative Design Environment

Abstract:

In a competitive and globalized business environment, the need for the sustainable product development becomes stronger. To meet these trends, the total cost during the product life cycle, called life cycle cost (LCC), should be considered as an important factor in new product development. In this paper, a hybrid life cycle cost model (HLCCM) is developed as a hybrid life cycle cost system (HLCCS) to estimate the cost performance of product design alternatives. It aims at improving the cost performance of products using genetic algorithms and artificial neural networks which consist of high-level product attributes and LCC results. The framework incorporated HLCCM is proposed in cloud computing based collaborative design environment and allows users to estimate the product data and other related information on a wide variety of application. This paper presents approximate LCC estimation of product design alternatives represented by solid models in cloud computing based collaborative design environment.

• Periodical: Advanced Materials Research (Volume 658)
• Pages: 614-619
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.658.614
• Online since: January 2013
• Authors: Hong Kyu Kwon, Kwang Kyu Seo
• Keywords: Cloud Computing, Collaborative Design Environment, Design Alternatives, Hybrid Model, Life Cycle Cost (LCC)

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