Operations Research, Systems Engineering and Industrial Engineering Commons^™

A Computer-Based Economic Analysis For Manufacturing Process Selection, Manocher Djassemi

Industrial Technology and Packaging

An important part of financial planning in product development is considering whether the capital expenditures meet volume and cost goals. A good business plan should provide investors with the implications of process selection on the company's bottom line. It is estimated that there are least 1000 manufacturing processes and sub-processes. Considering the number of process choices and quantity of cost data, an economic analysis for process selection may pose a challenge for decision makers. This paper provides an insight to Ashby’s cost modeling method for generating an estimate of unit product cost. The cost model provides a broad indicator for …