Abstract
Currently, there is a lack of affordable and simple tools for the estimation of these costs, especially for machining operations. This is particularly true for manufacturing SMEs, in which the cost estimation of machined parts is usually performed based only on required material for part production, or involves a time-consuming, non-standardized technical analysis. Therefore, a cost estimation tool was developed, based on the calculated machining times and amount of required material, based on the final drawing of the requested workpiece. The tool was developed primarily for milling machines, considering milling, drilling, and boring/threading operations. Regarding the considered materials, these were primarily aluminum alloys. However, some polymer materials were also considered. The tool first estimates the required time for total part production and then calculates the total cost. The total production time is estimated based on the required machining operations, as well as drawing, programming, and machine setup time. A part complexity level was also introduced, based on the number of details and operations required for each workpiece, which will inflate the estimated times. The estimation tool was tested in a company setting, comparing the estimated operation time values with the real ones, for a wide variety of parts of differing complexity. An average error of 14% for machining operation times was registered, which is quite satisfactory, as this time is the most impactful in terms of machining cost. However, there are still some problems regarding the accuracy in estimating finishing operation times.
Subject
General Materials Science,Metals and Alloys
Reference54 articles.
1. Development of the cost management mechanism for metal products manufacturing on budgeting method;Nikitina;Acad. Strateg. Manag. J.,2018
2. Investment decisions and capital budgeting practices in German manufacturing companies
3. The Impact of Budgeting and Budgetary Control on The Performance of Manufacturing Company in Nigeria;Siyanbola;J. Bus. Manag. Soc. Sci. Res.,2013
4. A comprehensive supplier classification model for SME outsourcing
5. Recent Advances on Coated Milling Tool Technology—A Comprehensive Review
Cited by
5 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献