Towards a short time “feature-based costing” for ship design

Abstract

Cost is perhaps the most influential factor in the outcome of a product or service within many of today's industries. Cost assessment during the early stage of ship design is crucial. It influences the go, no-go decision concerning a new development. Cost assessment occurs at various stages of ship design development. Economic evaluation as early as possible, in the design phase, is therefore vital to find the best price-function compromise for the ship projects. The authors have developed a FeatureBased Costing (FBC) model for cost effectiveness measurements intended to be used by ship designers for the real time control of cost process. The outcome is that corrective actions can be taken by management in a rather short time to actually improve or overcome predicted unfavourable performance.

Estimation of geometry-based manufacturing cost of complex offshore structures in early design stage

“…They tried to include the effect caused by the difficulty of welding. The feature-based costing method by Caprace and Rigo (2012) is an approach based on calculating the total cost of design during the early stage of ship design. To assess the cost for each individual operation, they suggest setting up a feature-based model.…”