Publication details for Dr Qing WangWang, Q. & Stockton, D. J. (2001). Cost model development using artificial neural networks. Aircraft engineering and aerospace technology 73(6): 536-541.
- Publication type: Journal papers: academic
- ISSN/ISBN: 0002-2667
- DOI: 10.1108/EUM0000000006226
- Keywords: Modelling, Neural networks, Taguchi methods.
- View online: Online version
- Durham research online: DRO record
Author(s) from Durham
In order for the aerospace industry to achieve success in export markets through the provision of high levels of product choice, it will need to develop and economically use many new materials and manufacturing processes. Examines how the constraints imposed by changing market trends affect the identification of “cost estimating relationships” and investigates their relative benefits and limitations in terms of their effects on the overall cost model development process. A method of establishing cost estimating relationships that appears to offer benefits to the cost modelling process is that of artificial neural networks (ANNs). Using the Taguchi method, a series of experiments have been undertaken to select an appropriate network for the “turning process”. The estimation accuracy and robustness of cost models developed using suitable ANN structures have then been examined under varying conditions in order to identify guidelines.
Bode, J. (1998), "Neural networks for cost estimation", Cost Engineering, Vol. 40 No.1, pp.25-31.
Boothroyd, G., Reynolds, C. (1989), "Approximate cost estimates for typical turned parts", Journal of Manufacturing Systems, Vol. 8 No.3, pp.185-93.
De la Garza, J.M., Rouhana, K.G. (1995), "Neural networks versus parameter-based applications in cost engineering", Journal of Cost Engineering, Vol. 37 No.2, pp.14-18.
De Rosa, C. (1999), Customer Trade: The Next Industrial Revolution, Symix Systems, Dartmund, .
Shtub, A., Zimerman, Y. (1993), "Neural-network-based approach for estimating the cost of assembly systems", International Journal of Production Economics, Vol. 32 No.2, pp.189-207.
Stalk, G.H., Hout, T.M. (1990), Competing against Time: How Time Based Competition Is Reshaping Global Markets, Free Press, New York, NY, .
Stockton, D.J., Wang, Q. (1999), "Applying advanced modelling techniques to cost estimating", De Monfort University, Leicester, Conference of Association of Cost Engineers: Engineering Manufacturing Committee, .
Stockton, D.J., Forster, R., Messner, B. (1998), "Developing time estimating models for advanced composite manufacturing processes", Aircraft Engineering and Aerospace Technology, Vol. 70 No.6, pp.445-50.
Taguchi, G. (1987), System of Experimental Design: Engineering Methods to optimise Quality and Minimise Costs, UNIPUB/Kraus International Publications, White Plains, NY, Vol. 1.
Wang, Q. (2000), "Improving the cost model development process using neural networks", De Montfort University, Leicester, PhD thesis.
Wang, Q., Stockton, D.J. (2000), "Process cost modelling using neural networks", International Journal of Production Research, Vol. 38 No.16, pp.3811-21.