Through Life Costing in Electronic Defence Systems: An Integrated Data-Driven Multi-Level Approach
Cheung, W., Newnes, L., Mileham, A. R., Marsh, R. and Lanham, J., 2008. Through Life Costing in Electronic Defence Systems: An Integrated Data-Driven Multi-Level Approach. In: Xia, G. P. and Deng, X. Q., eds. Proceedings of the 38th International Conference on Computers and Industrial Engineering. Vol. 1-3. China: Publishing House Electronics Industry, pp. 2119-2128.
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Cost estimating is a business process that is critical to the defence sector, where many products have low volumes and long life cycles. The nature of a defence system is often unique (for example, a naval platform) which consists of a number of sub-systems and components. For the design of such a system cost estimating is a critical task in particular the requirement to predict the cost throughout the system's lifetime. The aim of this paper therefore is to discuss an integrated approach that provides a general framework for through life costing in defence systems via the development of: (1) a generic data library to support designers and cost estimators, (2) data searching and transfer mechanisms to support a top-down and bottom-up hybrid cost modelling approach, (3) capturing reliability data to support product services. The paper is divided into several sections, first, a review of relevant research projects concerning integration and data capture for cost modelling. This is followed by a section, which highlights problems of performing cost estimates for low volume products, and subsequently the proposed solution, methods of cost estimation and example applications. Perhaps most importantly, the methods created in this research are able to enhance decision-making and accelerate the responsiveness of the business bidding process.
|Item Type||Book Sections|
|Creators||Cheung, W., Newnes, L., Mileham, A. R., Marsh, R. and Lanham, J.|
|Editors||Xia, G. P.and Deng, X. Q.|
|Uncontrolled Keywords||through life costing, integrated cost modelling, cost estimating, defence systems, data-driven|
|Departments||Faculty of Engineering & Design > Mechanical Engineering|
|Research Centres||Innovative Design & Manufacturing Research Centre (IdMRC)|
|Additional Information||38th International Conference on Computers and Industrial Engineering. Beihang Univ, Beijing, Peoples Republic of China, 31 Oct - 02 Nov, 2008|
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