University of Maryland, Department of Mechanical Engineering
[Description] | [Relationship to Other Cost Analysis Courses] | [Prerequisites] | [Instructor] | [Text] | [Outline] | [Short Course]
The objective of this course is to provide students with an
in-depth understanding of the process of predicting the cost of systems.
Elements of traditional engineering economics are melded with manufacturing
process modeling, life cycle cost management concepts, and selected concepts
from environmental life cycle cost assessment to form a practical foundation for
predicting the real cost of electronic products.
manufacturing cost analysis methods are included in the course: process-flow,
parametric, cost-of-ownership, and activity based costing. The effects of
learning curves, data uncertainty, test and rework processes, and defects are
considered in conjunction with these methodologies. In addition to manufacturing
processes, the product life cycle costs associated with design, procurement,
manufacturing waste, sustainment, and end-of-life are also addressed.
This course uses real life design scenarios from integrated circuit
fabrication, electronic systems assembly, substrate fabrication, and testing at
This course uses real life design scenarios from electronics, including: integrated circuit fabrication, electronic systems test and assembly, and printed wiring board fabrication. Portions of this course are described in:
P. Sandborn, J. Myers, T. Barron, and M. McCarthy, "Using Teardown Analysis as a Vehicle to Teach Electronic Systems Manufacturing Cost Modeling," International Journal of Engineering Education, Vol. 25, No. 1, 2009, pp. 42-52.
P. Sandborn, D. T. Allen, and C. F. Murphy, "New Course Development in Products and Systems Cost Analysis," Proc. of the Electronic Components and Technology Conference, pp. 1021-1026, May 2000.
P. Sandborn and C. F. Murphy, "Progress on Internet-Based Educational Material Development for Electronic Products and Systems Cost Analysis," in Proc. of the Electronic Components and Technology Conference, May 2001, pp. 1261-1266.
analysis courses are taught within the engineering departments of most
universities including engineering economics and life cycle cost analysis.
Both of these areas are important, but neither provides the complete cost
analysis background that is needed by design engineers.
economics treats the analysis of the economic effects of engineering decisions
and is often identified with capital allocation problems.
Engineering economics provides a rigorous methodology for comparing
investment or disinvestment alternatives. Alternatively,
this course focuses on the detailed cost modeling necessary to supply
engineering economic analyses with the inputs required for investment decisions.
The objective of this course is to focus on the detailed fabrication/assembly/test cost analysis that the commercial world uses and mix in key concepts from LCC and environmental cost assessment that the commercial world may not be considering today but should.
P. Sandborn, Course Notes on Manufacturing and Life Cycle Cost Analysis of Electronic Systems, CALCE EPSC Press, 2005.
The following supplemental references are used:
Manufacturing Cost Analysis
Life Cycle Cost and Analysis (LCC and LCA)
The product and system cost analysis course is also offered as a 2-3 day short course for industry. The short course can be customized to the needs of the customer and cover any subset of the information contained within the complete course. See link for more information.
University of Maryland
Last Updated: April 14, 2009
Home Page: http://www.glue.umd.edu/~sandborn