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Computer aided cost estimating

  • Huub Ehlhardt*
  • *Corresponding author for this work

    Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

    Abstract

    Digitalization provides us with increasingly sophisticated tools, such as 3D CAD and ERP, that have become drivers of innovation in many industries. Traditionally, estimating product cost requires both craftsmanship as well as elaborative calculations. Product cost estimating practices are currently advancing with new digital approaches that, in this paper, are referred to as Computer Aided Cost Estimating (CACE) tools. CACE skill will give new engineers entering the manufacturing industry an edge, especially those in positions in which the cost of goods is an important aspect. This paper describes a new family of engineering tools referred to as CACE, elaborates on the use of cost estimating through the product lifecycle, and relates this to the educational context. The paper contemplates how CACE software might continue to develop and provides suggestions on how best to incorporate the development of CACE skills into engineering curricula.

    Original languageEnglish
    Title of host publicationProceedings of the 16th International Conference on Engineering and Product Design Education
    Subtitle of host publicationDesign Education and Human Technology Relations, E and PDE 2014
    EditorsWessel Wits, Erik Bohemia, Wouter Eggink, Arthur Eger, Ahmed Kovacevic, Brian Parkinson
    PublisherThe Design Society
    Pages320-327
    Number of pages8
    ISBN (Electronic)978-1-904670-56-8
    Publication statusPublished - 2014
    Event16th International Conference on Engineering and Product Design Education, E&PDE 2014 - University of Twente, Enschede, Netherlands
    Duration: 4 Sept 20145 Sept 2014
    Conference number: 16
    https://www.utwente.nl/en/events/2014/9/201294/conference-epde-2014

    Publication series

    NameThe Design Society Books
    PublisherThe Design Society
    VolumeDS78

    Conference

    Conference16th International Conference on Engineering and Product Design Education, E&PDE 2014
    Abbreviated titleE&PDE 2014
    Country/TerritoryNetherlands
    CityEnschede
    Period4/09/145/09/14
    Internet address

    UN SDGs

    This output contributes to the following UN Sustainable Development Goals (SDGs)

    1. SDG 9 - Industry, Innovation, and Infrastructure
      SDG 9 Industry, Innovation, and Infrastructure

    Keywords

    • Computer aided design
    • Cost engineering
    • Cost estimation
    • Product lifecycle management
    • Teaching software

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