Development of a Hybrid Life Cycle Cost Model for Estimating Product Design Alternatives in Cloud Computing Based Collaborative Design Environment

Kwon, Hong Kyu; Seo, Kwang Kyu

doi:10.4028/www.scientific.net/amr.658.614

Cited by 3 publications

(2 citation statements)

References 3 publications

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“…Reference [20] had developed a simplified cost model for estimating the cost of the water distillation process at different production scale. While [37] had developed a hybrid cost model for estimating LCC which combining genetic algorithm and artificial neural network to improve cost performance. Reference [38] had developed a cost model based on real data of microfiltration (MF) and ultrafiltration (UF) installations.…”

Section: Cost Modelmentioning

confidence: 99%

Development of Cost Estimation Model of the Membrane System

Jiran¹,

Saman²,

Yusof³

2019

IJEAT

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Apart from product quality, the manufacturing cost is an important element to compete in the competitive industry. Detail economic assessment is important to estimate the product cost accurately and avoid overestimating or underestimating that give bad impact to the firm. Membrane system; a compact, sustainable and cheaper wastewater treatment system compared to the traditional system. Yet, there is limited study analysing the economic aspect of the membrane system due to the limited historical data, a complicated process involved and deal with tangible overhead costs. Thus, this study aims to develop a cost model to estimate the total cost of the membrane system during its lifespan. Activity-based costing (ABC) method is used as cost estimation technique to calculating the overhead cost and added the direct costs to determine the life-cycle cost (LCC) of the membrane system by using Microsoft Excel while Microsoft Visual Basic is used to demonstrate a user-friendly cost estimation model. The proposed cost model is a simpler system because the end user is guided to get the LCC value without has to deal with a complicated equation. The proposed model cost is tested to estimating the LCC of HFMM in treating wastewater from the prototype stage until the disposal stage.

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Section: Cost Modelmentioning

confidence: 99%

Development of Cost Estimation Model of the Membrane System

Jiran¹,

Saman²,

Yusof³

2019

IJEAT

View full text Add to dashboard Cite

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“…Many authors agreed that LCC is one of the effective tools in life cycle engineering to measure economic aspects in sustainability perspective. It is an effective tool because it covers the entire product life cycle and it is able to identify the opportunities for cost improvement [6]. However, some designers refused to conduct LCC analysis because it involves complicated steps as all costs that relate to all activities for producing the product need to consider [7].…”

Section: Introductionmentioning

confidence: 99%

Review on Methodology for Life Cycle Costing of Membrane System for Wastewater Filtration

Jiran

Mahmood

Saman

et al. 2013

AMR

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Abstract. In a competitive environment, manufacturers have to come out with innovative solution to market their product, including implementation of life cycle engineering concept. Life cycle costing (LCC) is one of the aspects that need to be considered when adapting this concept. In addition, costing is another important aspect that needs to be considered carefully. In order to perform LCC analysis, cost estimation is an essential step. Cost estimation model should not only consider pre-production and production cost, design, manufacturing, and assembly, but also postproduction, customer use and end of life. Development of cost estimation model or methodology is needed to simplify the LCC analysis so that it can produce more accurate results in shorter time. This paper reviewed on LCC, cost estimation techniques and several developed cost estimation models in order to determine research gap and research direction on developing a methodology to assess LCC of membrane system for wastewater filtration.

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Life Cycle Costing Model for Hollow Fibre Membrane Module: A Review and Further Research

Jiran

Saman

Yusof

et al. 2014

AMM

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Increasing human population increases the demand for fresh water supply. Membrane technology has been identified as one of the solutions to reduce water pollution due to industrial activities, especially the chemical industry. In order to promote this technology and shift from the traditional system, economic aspect is an important attraction. The total cost for owning, operating, using and post-using the technology will influence the industry to invest this technology in their workplace. Therefore, a life cycle costing (LCC) analysis should be performed to estimate the complete overall cost of the membrane system from cradle-to-grave. This paper aimed to review some economic analysis of the membrane system, previous LCC model and highlight the initial step in performing LCC analysis of hollow fibre membrane module, which is to identify all primary and secondary activities and all possible costs related to the module.

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Development of a Hybrid Life Cycle Cost Model for Estimating Product Design Alternatives in Cloud Computing Based Collaborative Design Environment

Cited by 3 publications

References 3 publications

Development of Cost Estimation Model of the Membrane System

Development of Cost Estimation Model of the Membrane System

Review on Methodology for Life Cycle Costing of Membrane System for Wastewater Filtration

Life Cycle Costing Model for Hollow Fibre Membrane Module: A Review and Further Research

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