Cost Estimation in Engineer-to-Order
Manufacturing

Hooshmand, Yousef; Köhler, Peter; Korff-Krumm, Andrea

doi:10.1515/eng-2016-0002

Cited by 11 publications

(13 citation statements)

References 17 publications

(30 reference statements)

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“…Generally, the top-down cost estimates are held at higher levels and are therefore often inaccurate. To overcome this problem, the bottom-up approach is recommended in which the cost analysis begins from the lowest level (child level) and is followed by aggregating the estimated cost of the child elements to obtain the cost of the parent element, which finally leads to estimation of the project's total cost [20].…”

Section: Proposed Methodologymentioning

confidence: 99%

A Through-Life Cost Analysis Model to Support Investment Decision-Making in Concentrated Solar Power Projects

et al. 2020

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This research paper aims to propose a through-life cost analysis model for estimating the profitability of renewable concentrated solar power (CSP) technologies. The financial outputs of the model include net present value (NPV) and benefit-cost ratio (BCR) of the project, internal rate of return (IRR) and discounted payback period (DPBP) of the investment, and levelized cost of energy (LCoE) from the CSP technology. The meteorological data for a specific location in the city of Tucson in Arizona is collected from a network of automated weather stations, and the NREL System Advisor Model (SAM) is applied to simulate hourly energy output of the CSP plant. An Excel spreadsheet tool is designed to calculate, in a bottom-up approach, the financial metrics required for approval of CSP projects. The model is tested on a 50 MW parabolic trough CSP plant and the results show an annual energy production of 456,351,232 kWh, NPV of over $64 million and LCoE of 0.16 $/kWh. Finally, a sensitivity analysis is performed to identify the factors which have the most significant effect on the economic performance of CSP technologies. The proposed model can provide valuable guidance to support the strategic planning and investment decision-making in CSP projects.

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Section: Proposed Methodologymentioning

confidence: 99%

A Through-Life Cost Analysis Model to Support Investment Decision-Making in Concentrated Solar Power Projects

et al. 2020

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“…Organizations that produce their products only after receipt of a customer order are called order-oriented companies. Among these organizations, the most extreme cases of order-oriented companies are the ETO manufacturers (Hooshmand et al, 2016).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Researchers (Angle, 2000;Becheikh et al, 2006;Carayannis and Gonzalez, 2003;Chryssochoidis, 2003;Demirbas et al, 2011;D'Este et al, 2012;Hadjimanolis, 2003;Madrid-Guijarro et al, 2009;Martins and Martins, 2002;Matus et al, 2012;Michie and Sheehan, 2003;Sandberg and Stenroos, 2014;Shi and Wu, 2017;Tidd et al, 2008;Valencia et al, 2010;Valladares et al, 2014;Van De Ven and Chu, 2000) who explore the innovation and the organizational factors that affect it do not consider the specific environment of an ETO product. On the contrary, the researchers (Gosling and Naim, 2009;Grabenstetter and Usher, 2015;Hooshmand et al, 2016;Kristianto et al, 2015;Pacagnella Junior et al, 2014;Sjobakk et al, 2014;Walter and Ries, 1996;Wikner and Rudberg, 2005;Willner et al, 2016) who studied ETO and its specific characteristics did not consider the innovation process. Moreover, Grabenstetter and Usher (2015) claimed that little exists about the ETO environment in the literature.…”

Section: Introductionmentioning

confidence: 99%

Organizational factors and technological innovation in products engineered to order for the wind energy market

Donha

Guimarães

2020

Wind Engineering

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The objective of this article is to identify the organizational factors that facilitate or inhibit the technological innovation in the development cycle of a product engineered to order for Brazilian wind energy market. The following factors stand out as facilitators: the rigid hierarchical structure combined with some aspects of the projected structure, the level of cooperation between departments, and the autonomy given to workers. The main barriers are the lack of clarity about the organization’s strategy, the low frequency and depth of training offered by the company, and the lack of a mechanism that allows access and registration of information.

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“…The paper [4] presents a cost estimation methodology as well as a cost estimation model, which estimate the cost of products by relative comparison of the attributes of new product variants with the attributes of standard product variants.…”

Section: Introductionmentioning

confidence: 99%

Estimation of Roller Bearings Manufacturing Cost by Causal Identification and Comparative Assessment – Case Study Performed on Industrial Data

Frumuşanu¹,

Afteni²,

Păunoiu³

2020

IJMO

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The conventional approach is not the best choice for optimizing the manufacturing process, because of its specific structure, and of the specific definition of the optimization problem in its case. During last years, the authors of this paper have developed the concept of holistic optimization and a method for its application in manufacturing process optimization. The method works on the base of two procedures, aiming the causal identification and the comparative assessment of the manufacturing jobs. This paper presents a validation of these procedures by applying them in the case of estimating the manufacturing cost of roller bearings. The case study used a database extracted from the industrial environment. Clusters of condition-variables being the most appropriate for evaluating the cost are determined, at first. Then, neighborhoods of the interrogated cases are extracted from the database and the proximity function is identified. The estimated ranking (hence the manufacturing cost) of the interrogated case is found on this base, eventually.

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Cost Estimation in Engineer-to-Order Manufacturing

Cited by 11 publications

References 17 publications

A Through-Life Cost Analysis Model to Support Investment Decision-Making in Concentrated Solar Power Projects

A Through-Life Cost Analysis Model to Support Investment Decision-Making in Concentrated Solar Power Projects

Organizational factors and technological innovation in products engineered to order for the wind energy market

Estimation of Roller Bearings Manufacturing Cost by Causal Identification and Comparative Assessment – Case Study Performed on Industrial Data

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