ME30335: Costing for engineering design and manufacture
[Page last updated: 03 August 2022]
| Academic Year: | 2022/23 |
| Owning Department/School: | Department of Mechanical Engineering |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
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| Assessment Summary: | CW 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Learning Outcomes: | After taking this unit the student should be able to:
* Identify the inter-relationships between design, manufacture, cost and sustainment. * Identify the key cost drivers and evaluate designs in terms of Design to Cost. * Define appropriate techniques that can be used to create a cost estimate for the exemplar product. * Enumerate various commercial cost estimating packages and understand their pros/cons. * Characterise some of the different challenges that particular industrial sectors face in terms of cost estimating. * Create a cost estimate for a product. * Analyse the cost of the product/product-service-system through its life cycle. |
| Aims: | To provide:
* An insight into the interface between design, manufacturing and cost. * An introduction to the industrial practices for cost estimating through the design of a product/product service systems. * An understanding of the approaches to estimating the cost of manufacturing a product/product-service as well as owning and disposal of a product-service. * An introduction to the techniques that can be used to estimate the cost of a product/product-service. * If you are designing a new product/process/service/system to understand how to identify the cost estimating relationships of specific attributes or specification requirements which influence the cost. * An introduction to some commercial packages and what they offer. * An understanding of uncertainty; especially for novel products and long-life products. * An understanding of how to undertake a through life cost analysis for products to aid in design selection. * An understanding of the challenges industry faces in estimating their costs of delivering and servicing a product. |
| Skills: | Problem solving; analytical analysis; working independently. |
| Content: | : Analysis of designs from the viewpoint of cost and manufacture.
Industrial speakers introducing exemplar products and the interactions between design, manufacture and cost. Cost estimating - techniques such as quantitative and qualitative, analogy, Cost estimate relationships, uncertainty, spreadsheets, stochastic and use of commercial packages. Illustrate how the techniques can be used for costing a product and how this links to design and manufacture. These will be integrated throughout the course. Identifying cost estimate relationships. Creating a cost model. Introduction to commercial cost estimating packages and using excel. Uncertainty - types of uncertainty, estimating the impact of the uncertainty on the cost estimate. Data analysis - data readiness levels, quality of data. The course will be taught through engineering exemplars and engaging with industry. |
| Programme availability: |
ME30335 is Compulsory on the following programmes:Department of Mechanical Engineering
ME30335 is Optional on the following programmes:Department of Mechanical Engineering
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