COST ENGINEERING WITH QFD: A MATHEMATICAL MODEL
Journal Title: International Journal for Quality Research - Year 2011, Vol 5, Issue 1
Abstract
Cost engineering helps the firms in decision-making with respect to product development. It is primarily concerned with cost estimation and cost control. Decisions made during the design phase have a significant influence on development and life cycle costs. The effective cost management during the design phase of a product is essential to develop a product with minimum cost and desired quality of the customer. In this paper a mathematical model is established by incorporating cost engineering techniques such as Target Costing (TC) and Value Engineering (VE) with Quality Function Deployment (QFD) to develop a product. An illustrative example is also presented.
Authors and Affiliations
K. G. Durga Prasad, K. Venkata Subbaiah, K. Narayana Rao
Keywords
Related Articles
- EP ID EP254893
- DOI -
- Views 107
- Downloads 0
IDENTIFICATION OF CRITICAL SSCM ACTIVITIES THROUGH CONFIRMATORY FACTOR ANALYSIS
As a developing country, economic and environmental performance has to be balanced in India. Green supply chain management (GSCM) is emerging as an important proactive approach for Indian enterprises for im...
TECHNOLOGY ASSESSMENT OF TIRE MOULD CLEANING SYSTEMS AND QUALITY FINISHING
A modern tire merges up to 300 different chemical elements, both organic and inorganic, natural and synthetic. During manufacturing, various processes are present such as mixing, calendering and extrusion, forming dozens...
A TOTAL MANUFACTURING SOLUTIONS TECHNIQUE TO SELECT APPROPRIATE IMPROVEMENT STRATEGY: CASE STUDY OF A FOOTWEAR FACTORY
The Government of Ethiopia is promoting the manufacturing sector to join the global market in a large scale. Due to its comparative advantages, the Ethiopian leather and leather products industry have been given due atte...
VALIDATING QUALITY PROCESS MANAGEMENT INSTRUMENT FOR HIGHER EDUCATION USING STRUCTURAL EQUATION MODELLING
This study attempts to validate process management scale using rigorous validation procedures. An adapted questionnaire comprising 77 items was administered to faculty members in two public universities in Nigeria. The d...
SERVICE QUALITY PERCEPTIONS AND PATIENTS' SATISFACTION: A COMPARATIVE CASE STUDY OF A PUBLIC AND A PRIVATE SECTOR HOSPITAL IN PAKISTAN
Management of hospitals should take initiatives to improve the overall service quality of patient care. Regular feed-back from patients should be taken and rules should be made considering the expectations and requiremen...