Introduction to Cost Modeling for Manufacturing Processes: Guidance to Develop Simple Cost Estimation Software

Manufacturing cost estimation usually takes place prior to the actual start of production, and as such is a forecast of manufacturing costs. The estimation is done based on software using information derived from the designers' drawings or sketches. Since a major portion of the cost of a product is committed during the design phase, this work is intended to provide basic knowledge and tools to the designer to enable more cost-effective designs.