Cost engineering in practice – Empirical investigation of cost calculation tools
Lutz M, Bodendorf F, Stepanek N, Franke J (2021)
Publication Type: Conference contribution, Original article
Publication year: 2021
Journal
Original Authors: Manuel Lutz, Frank Bodendorf, Niklas Stepanek, Jörg Franke
Book Volume: 54
Pages Range: 13-18
Event location: Budapest
DOI: 10.1016/j.promfg.2021.07.003
Abstract
Cost calculation systems are increasingly being implemented in original equipment manufacturing as well as in supplying companies. However, the benefits of these systems in terms of cost and time reduction have not yet been scientifically investigated. In an empirical study, different software solutions for product cost calculation in practice are analyzed and potential benefits identified. The results show that software packages based on CAD, ERP or PLM (1) combined with stand-alone calculation tools (2) are a promising way for cost estimation in industrial product development.
Authors with CRIS profile
Frank Bodendorf
Lehrstuhl für Fertigungsautomatisierung und Produktionssystematik (FAPS)
Jörg Franke
Lehrstuhl für Fertigungsautomatisierung und Produktionssystematik (FAPS)
Involved external institutions
Germany (DE)How to cite
APA:
Lutz, M., Bodendorf, F., Stepanek, N., & Franke, J. (2021). Cost engineering in practice – Empirical investigation of cost calculation tools. In Procedia Manufacturing (Eds.), Proceedings of the 10th CIRP Sponsored Conference on Digital Enterprise Technologies (DET 2020) – Digital Technologies as Enablers of Industrial Competitiveness and Sustainability (pp. 13-18). Budapest, HU.
MLA:
Lutz, Manuel, et al. "Cost engineering in practice – Empirical investigation of cost calculation tools." Proceedings of the 10th CIRP Sponsored Conference on Digital Enterprise Technologies (DET 2020) – Digital Technologies as Enablers of Industrial Competitiveness and Sustainability, Budapest Ed. Procedia Manufacturing, 2021. 13-18.
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