An activity-based-parametric hybrid cost model to estimate the unit cost of a novel gas turbine component

Stephan Langmaak, Stephen Wiseall, Christophe Bru, Russell Adkins, James Scanlan and András Sóbester

International Journal of Production Economics, 2013, vol. 142, issue 1, 74-88

Abstract: The first tool presented in this paper is a generic factory cost model that can estimate various costs at multiple levels of any manufacturing plant. The model is activity-based which means that the cost of each manufacturing operation is calculated and then summed up so that the true £-per-hour factory cost rate as well as the exact unit cost (i.e. manufacturing cost) of an unlimited number of different components can be estimated.

Keywords: Activity-Based Costing (ABC); Cost Estimating Relationship (CER); Factory cost modelling; Integrally bladed disk (blisk); Parametric cost modelling; Uncertainty (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:proeco:v:142:y:2013:i:1:p:74-88

DOI: 10.1016/j.ijpe.2012.09.020

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