×

Online method and system for estimating the manufacturing cost of components

  • US 7,523,061 B2
  • Filed: 06/17/2002
  • Issued: 04/21/2009
  • Est. Priority Date: 06/18/2001
  • Status: Expired due to Fees
First Claim
Patent Images

1. A computer implemented method for estimating the manufacturing cost of a component, the method comprising:

  • electronically receiving a component model wherein the component model includes an at least one quantitative driver and an at least one cost algorithm used to determine the estimated manufacturing cost;

    electronically receiving values for each quantitative driver;

    determining the estimated manufacturing cost for the component based on the values for each quantitative driver and the at least one cost algorithm, wherein the manufacturing cost includes a finished weight, a material usage and cycle time;

    wherein the material usage and the at least one cost algorithm is comprised of a material usage algorithm that is based on component dimensions and scrap associated with manufacturing and the cycle time and the at least one cost algorithm is comprised of a cycle time algorithm that is based on the amount of time needed to perform each process applicable to the production of a component and transmitting the estimated manufacturing cost to a user.

View all claims
  • 3 Assignments
Timeline View
Assignment View
    ×
    ×