Volume 5 Number 1 Year - 2011
Number of articles: 7
COST ENGINEERING WITH QFD: A MATHEMATICAL MODEL
Authors: K.G. Durga Prasad, K.Venkata Subbaiah, K. Narayana Rao
Abstract: Cost engineering helps the firms in decision-making with respect to product development. It is primarily concerned with cost estimation and cost control. Decisions made during the design phase have a significant influence on development and life cycle costs. The effective cost management during the design phase of a product is essential to develop a product with minimum cost and desired quality of the customer. In this paper a mathematical model is established by incorporating cost engineering techniques such as Target Costing (TC) and Value Engineering (VE) with Quality Function Deployment (QFD) to develop a product. An illustrative example is also presented.
Keywords: Cost engineering, Quality Function Deployment, Value Engineering, Target costing
Article info: pp. 33-37
Recieved: 20.01.2011  Accepted: 15.02.2011  UDC: 657.478   Downloads: 625