A new approach for product cost estimation using data envelopment analysis

Cost estimation of new products has always been difficult as only few design, manufacturing and operational features will be known. In these situations, parametric or non-parametric methods are commonly used to estimate the cost of a product given the corresponding cost drivers. The parametric model...

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Bibliographic Details
Main Authors: Adil Salam, Fantahun M. Defersha, Nadia Bhuiyan
Format: Article
Language:English
Published: Growing Science 2012-10-01
Series:International Journal of Industrial Engineering Computations
Subjects:
Online Access:http://www.growingscience.com/ijiec/Vol3/IJIEC_2012_53.pdf