Data-driven through-life costing to support product lifecycle management solutions in innovative product development

Cheung, Wai Ming, Mileham, Antony, Newnes, Linda, Marsh, Robert and Lanham, John (2011) Data-driven through-life costing to support product lifecycle management solutions in innovative product development. International Journal of Product Lifecycle Management, 5 (2/3/4). pp. 122-142. ISSN 1743-5110

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Official URL: http://dx.doi.org/10.1504/IJPLM.2011.043184

Abstract

Innovative product usually refers to product that comprises of creativity and new ideas. In the development of such a new product, there is often a lack of historical knowledge and data available to be used to perform cost estimation accurately. This is due to the fact that traditional cost estimation methods are used to predict costs only after a product model has been built, and not at an early design stage when there is little data and information available.
In light of this, original equipment manufacturers are also facing critical challenges of becoming globally competitive and increasing demands from customer for continuous innovation. To alleviate these situations this research has identified a new approach to cost modelling with the inclusion of product lifecycle management solutions to address innovative product development.The aim of this paper, therefore, is to discuss methods of developing an extended-enterprise data-driven through-life cost estimating method for innovative product development.

Item Type: Article
Subjects: H100 General Engineering
H300 Mechanical Engineering
H700 Production and Manufacturing Engineering
Department: Faculties > Engineering and Environment > Computer Science and Digital Technologies
Depositing User: Wai Ming Cheung
Date Deposited: 17 Apr 2012 13:49
Last Modified: 09 May 2017 23:28
URI: http://nrl.northumbria.ac.uk/id/eprint/6227

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