Cost estimation methods
Estimating costs in mechanical production
Article REF: BM7076 V1
Cost estimation methods
Estimating costs in mechanical production

Authors : Pascal DUVERLIE, Jean-Marie CASTELAIN, Thibault FARINEAU

Publication date: July 10, 1999 | Lire en français

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5. Cost estimation methods

5.1 Parametric method

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5.1.1 Different parametric models

Parametric methods are costing methods based on knowledge of a certain number of physical characteristics or parameters, such as mass, volume, input-output number, etc. These parametric methods make it possible to establish the link between the technical or physical characteristics of a product and its cost, via mathematical and logical relationships. These parametric methods make it possible to establish the link between...

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