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Paper Details
Paper Title
Product Life Cycle Cost Estimation at Early Design: A Review on Techniques and Applications
Authors
Siva Prasad Darla
Abstract
Several studies indicated that 70-80% of product cost committed during design and development stage. In this paper, the ever- increasing importance of methods and approaches to forecast the life cycle cost for a new product in the early design stage with accuracy are reviewed. Also, this paper provides a review of hybrid approaches developed in recent years. The review paper presents application areas of techniques along with advantages and limitations.
Keywords- Product life cycle, cost estimation technique, product development, early design
Publication Details
Unique Identification Number - IJEDR1704248Page Number(s) - 1558-1561Pubished in - Volume 5 | Issue 4 | December 2017DOI (Digital Object Identifier) - http://doi.one/10.8/ijedr.17501Publisher - IJEDR (ISSN - 2321-9939)
Cite this Article
Siva Prasad Darla, "Product Life Cycle Cost Estimation at Early Design: A Review on Techniques and Applications", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.5, Issue 4, pp.1558-1561, December 2017, Available at :http://www.ijedr.org/papers/IJEDR1704248.pdf
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