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Designing for CostDesigning for cost is a state of mind. Of course, a lot of technical knowledge is required and the use of appropriate tools will improve the process. Unfortunately, the extensive use of weight based cost estimating relationships has generated a perception in the aerospace community that the primary way to reduce cost is to reduce weight. Wrong! Based upon an approximation of an industry accepted formula, the PRICE H (tm) production-production equation, Dean demonstrated theoretically that the optimal trajectory for cost reduction is predominantly in the direction of system complexity reduction, not system weight reduction. Thus the phrase "keep it simple" is a primary state of mind required for reducing cost throughout the design process.
Document ID
20040121011
Acquisition Source
Langley Research Center
Document Type
Preprint (Draft being sent to journal)
Authors
Dean, Edwin B.
(NASA Langley Research Center Hampton, VA, United States)
Unal, Resit
(NASA Langley Research Center Hampton, VA, United States)
Date Acquired
September 7, 2013
Publication Date
January 1, 1991
Subject Category
Economics And Cost Analysis
Meeting Information
Meeting: 35th Conference of the American Association of Cost Engineers
Location: Seattle, WA
Country: United States
Start Date: June 23, 1991
End Date: June 26, 1991
Sponsors: American Association of Cost Engineers
Distribution Limits
Public
Copyright
Public Use Permitted.
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