Cost Engineering for manufacturing: Current and future research

Y. Xu Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UKCorrespondence[email protected]

F. Elgh School of Engineering, Jönköping University, 55111, Jönköping, Sweden

J. A. Erkoyuncu Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK

O. Bankole Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK

Y. Goh Wolfson School of Mechanical and Manufacturing Engineering, Loughborough University, Leicestershire, LE11 3TU, UK

W. M. Cheung School of Computing, Engineering and Information Sciences, Northumbria University, Newcastle Upon Tyne, NE1 8ST, UK

P. Baguley Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK

Q. Wang School of Engineering and Computing Sciences, Durham University, Durham, DH1 3LE, UK

P. Arundachawat Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK

E. Shehab Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK

L. Newnes Department of Mechanical Engineering, University of Bath, Bath, BA2 7AY, UK

R. Roy Manufacturing Department, School of Applied Science, Cranfield University, Cranfield, Bedfordshire, MK43 0AL, UK

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Abstract

The article aims to identify the scientific challenges and point out future research directions on Cost Engineering. The research areas covered in this article include Design Cost; Manufacturing Cost; Operating Cost; Life Cycle Cost; Risk and Uncertainty management and Affordability Engineering. Collected information at the Academic Forum on Cost Engineering held at Cranfield University in 2008 and further literature review findings are presented. The forum set the scope of the Cost Engineering research, a brainstorming was held on the forum and literatures were further reviewed to understand the current and future practices in cost engineering. The main benefits of the article include coverage of the current research on cost engineering from different perspectives and the future research areas on Cost Engineering.

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Acknowledgements

The authors thank all the attendees in the Academic Forum of Cost Engineering in UK for presenting the research work, and discussing the scientific challenges of Cost Engineering.

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