From Ideation to Industrialization

MECH&AE 715.02

This two-hour webinar will provide an overview of a systematic framework on how to create a cost model for a new product. We will touch all the elements of the cost model using a practice case, leading to the build-up of a comprehensive planning tool.

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What you can learn.

  • Understand how to develop and defend credible cost models of volume scaling for prototype devices
  • Determine how to rapidly create mockups of production lines
  • Understand how to reverse-engineer competitive products
  • Analyze trade-off choices of internal manufacturing vs. contract manufacturing
  • Gain tools to create “what-if” scenarios for production planning

About this course:

If we use a product, someone has made it. If you have an idea for a product – someone will have to make it, and you will need to understand how much does it cost to make it. This webinar will provide an overview of a systematic framework on how to create a cost model. We will touch all the elements of the cost model, leading to the build-up of a comprehensive planning tool. We will review approaches for prototyping assembly lines and factory floor layouts. We will also discuss tools for cost analysis of competitive products.

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