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Designing Complex Products with Systems Engineering Processes and Techniques, 2nd Edition
book

Designing Complex Products with Systems Engineering Processes and Techniques, 2nd Edition

by Vivek D. Bhise
February 2023
Intermediate to advanced
584 pages
17h 26m
English
CRC Press
Content preview from Designing Complex Products with Systems Engineering Processes and Techniques, 2nd Edition

9 Costs and Benefits Considerations and Models

DOI: 10.1201/9781003263357-10

Introduction

One of the key objectives of all product-producing organizations is to make money unless the organization is a nonprofit or a government entity. The costs of developing, producing, distributing, and maintaining the products are important to all organizations. The goals of the organizations are thus to minimize the total costs during the entire life cycle of the product—from its conception to product disposal. In the early stages, accurate estimates of the costs are required to develop a budget for the product program and to get it approved. The actual expenditure of costs should be continuously compared with the budgeted costs to ensure that the project ...

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Publisher Resources

ISBN: 9781000835793