Identifying and removing error in hierarchical cost estimates

International Journal of Production Economics

Volumn 109, Issue 1-2, 2007, Pages 41-52

  Koonce, D A ^a   Gandhi, R P ^a   Nambiar, A N ^a   Judd, R P ^a  

^a OHIO UNIVERSITY   (United States)

Author keywords

Cost estimation; Error; Work breakdown structure

Indexed keywords

CALIBRATION; DATA REDUCTION; ERROR ANALYSIS; RISK ANALYSIS;

COST ESTIMATION; WORK BREAKDOWN STRUCTURE;

COST ACCOUNTING;

EID: 34250882774     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2006.11.003     Document Type: Article

References (25)

1. Banker R., Potter G., and Schroeder R. An empirical analysis of manufacturing overhead cost drivers. Journal of Accounting and Economics 19 (1995) 115-137
2. Belecheanu R., Pawar K.S., Barson R.J., Bredehorst B., and Weber F. The application of case based reasoning to decision support in new product development. Integrated Manufacturing Systems 14 (2003) 36-45
3. Boons. Product costing for complex manufacturing systems. International Journal of Production Economics 55 (1998) 241-255
4. Cooper R., and Kaplan R.S. How Cost Accounting Systematically Distorts Product Costs, Accounting and Management: Field Study Experiments (1987), Harvard Business School Press, Boston
5. Cooper R., and Kaplan R.S. The Design of Cost Management Systems: Text, Cases and Readings (1991), Prentice-Hall, Englewood Cliffs, NJ
6. Dean E.B. Parametric Cost Deployment (1995), NASA Langley Research Center, Hampton, VA
7. DOD. Parametric Estimation Handbook. first ed (1995), Department of Defense
8. Duverlie P., and Castelain J.M. Cost estimation during design step: parametric versus case based reasoning method. International Journal of Advanced Manufacturing Technology 15 (1999) 895-906
9. Efron B., and Tibshirani R.J. An Introduction to the Bootstrap (1993), Chapman & Hall, New York
10. Farineau T., Rabensalo B., and Castelain J.M. Choice of cost-estimation functions based on statistical quality criteria and technical coherence. International Journal of Advanced Manufacturing Technology 19 (2002) 544-550
11. Johnson H.T., and Kaplan R.S. Relevance Lost (1989), Harvard Business School Press, Boston
12. Kaplan S., and Garrick B.J. On the quantitative definition of risk. Risk Analysis 1 1 (1981) 11-27
13. Kingsman B., and de Souza A. A knowledge-based decision support system for cost estimation and pricing decisions in versatile manufacturing companies. International Journal of Production Economics 53 (1997) 119-139
14. Koonce D., Judd R., Sormaz D., and Masel D. A hierarchical cost estimation tool. Computers in Industry 50 (2003) 293-302
15. Miller, J.G., Vollmann, T.E., 1985. The hidden factory. Harvard Business Review September-October, 142-150.
16. Neter J., Kutner M.H., Nachtsheim C.J., and Wasserman W. Applied Linear Statistical Models. fourth ed (1996), McGraw-Hill, Chicago
17. Nilsen T., and Aven T. Models and model uncertainty in the context of risk analysis. Reliability Engineering and System Safety 79 (2003) 309-317
18. Park C., and Kim G.T. An economic evaluation model for advanced manufacturing systems using activity-based costing. Journal of Manufacturing Systems 14 6 (1995) 439-451
19. Ramachandran, V., 2002. Meeting organizational costing requirements through cost tool integration. Masters Thesis, Ohio University.
20. Rehman S., and Guenov D. A methodology for modeling manufacturing costs at conceptual design. Computers and Industrial Engineering 35 3-4 (1998) 623-626
21. Ting P.K.D., Zhang C., Wang B., and Deshmukh A. Product and process cost estimation with fuzzy multi-attribute utility theory. The Engineering Economy 44 4 (1999) 303-331
22. Weustink I.F., ten Brinke E., Streppel A.H., and Kals H.J.J. A generic framework for cost estimation and cost control in product design. Journal of Materials Processing Technology 103 (2000) 141-148
23. Wharton F. Risk management: basic concepts and general principles. In: Ansell J., and Wharton F. (Eds). Risk: Analysis, Assessment, and Management (1992), Wiley, New York 1-14
24. Williams T. A classified bibliography of recent research relating to project risk management. European Journal of Operational Research 85 (1995) 18-38
25. Winchell W. Realistic Cost Estimation for Manufacturing. second ed (1989), Society of Manufacturing Engineering, Dearborn