The influence of the methods of determining cost drivers values on the accuracy of costs estimation of the designed machine elements

Abstract

Application of the proposed methods of defining cost drivers values, depending on the possessed information about the product at the stage of its design, enables to estimate total costs with good precision before starting its production. Cost drivers are variables of the function defining costs components of the designed element and its manufacturing process. The proposed methods base on the assumed features of the designed product, current values of cost parameters and are adjusted to unit and small lot production systems.