CONSIDERATIONS ABOUT COST ESTIMATES IN PRODUCT DESIGN OF A CUTTING TOOL

Mihaela NICOLAU, Oana DODUN

Abstract


In the project management of new product development, the cost estimates of a project are directly influenced by the scope of the project. In product development, the scope of a project is the finished product. Unless the new product is a combination of existing sub-components for which the costs are known, a decomposition of an unknown product is necessary in order to form the estimates. A quick and easy method for cost estimation will be investigated involving the use of Axiomatic Design method applied to a custom design milling machine. The results confirm the utility of the method in cost estimation of a new product.

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