Cost objective PLM and CE

TL;DR

This paper explores adapting cost estimation methods within product lifecycle management and concurrent engineering to support early-stage decision-making and cost control in new product development.

Contribution

It introduces a novel approach to integrating costing methods into PLM and CE, enhancing economic decision support during product development.

Findings

Actors reference lifecycle costs and impacts in decision-making.

Economic indicators influence project progression decisions.

Case study demonstrates practical application of adapted costing methods.

Abstract

Concurrent engineering taking into account product life-cycle factors seems to be one of the industrial challenges of the next years. Cost estimation and management are two main strategic tasks that imply the possibility of managing costs at the earliest stages of product development. This is why it is indispensable to let people from economics and from industrial engineering collaborates in order to find the best solution for enterprise progress for economical factors mastering. The objective of this paper is to present who we try to adapt costing methods in a PLM and CE point of view to the new industrial context and configuration in order to give pertinent decision aid for product and process choices. A very important factor is related to cost management problems when developing new products. A case study is introduced that presents how product development actors have referenced elements to product life-cycle costs and impacts, how they have an idea bout economical indicators when taking decisions during the progression of the project of product development.