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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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 and Information Sciences |
| Depositing User: | Wai Ming Cheung |
| Date Deposited: | 17 Apr 2012 13:49 |
| Last Modified: | 17 Dec 2023 14:04 |
| URI: | https://nrl.northumbria.ac.uk/id/eprint/6227 |
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