An Enterprise Management Framework for Costs Engineering Estimation Models Based on Scopus Scientometrics. An Aerospace Engineering Case Study

Abstract

The cutting-edge industrial product creation faces battling goals. There is an additional expenditure need to enhance new product reliability, and nevertheless, an enterprise should reduce product costs to receive the long-term development funds. This conflict resolution depends on a design engineer, who should take into account the future product costs as early, as possible. So, the purpose of this article is to elicit the most widespread cost estimation models at all design stages. I purposely investigate the models' limits to propose their common frame. The research methodology is Scopus scientometrics. First, I elicit the most authoritative reviews on the design cost estimation topic. Then I made the reviews content analysis and summarize the models’ limitations. Findings show that the design cost estimation models significantly vary. They do not eliminate or substitute for each other. Each model is suitable in an appropriate designing process place. Scientometric analysis points that advanced cost estimation models are poorly evolved for enterprise efficiency prediction including the aerospace industry. To overcome these obstacles, I propose an enterprise goal model. This study’s novelty is that a fitting combination of cost estimation models ensures the whole enterprise's economical effectiveness.