Simulation tool for analyzing cost on new product development  

Oleh:

Arsad, Ya’akub ; Yusof, Sha’ri Mohd ; Zaki, Noor Irza Mohd

Jenis: Article from Proceeding
Dalam koleksi: The 14th Asia Pacific Industrial Engineering and Management Systems Conference (APIEMS), 3-6 December 2013 Cebu, Philippines, page 1-10.
Topik: New Product Development; Simulation tool; Technology transfer
Fulltext: 1251.pdf (472.92KB)

Isi artikel

Costing is one of the most factor in any business. This paper provides a cost simulation tool for new product development in the electronics projects either standalone product or multiple product integrate in one system. For new product development, management must be aware of the costs involved in the process, and to have a cost simulation tool is very important to help management of business or board of directors of a company to understand in advanced cost for new product development. This cost simulation will require inputs from the project such as project timeframe, order quantity, CAPEX and OPEX costs. The simulation tool can provide financial results such as Total Development Cost, Sales Revenue, Cost of Goods Sold, Gross Margin, Net Profit, Break-even sales price, Break-even sales quantity and Return on Investment (ROI). The simulation tool that can analyze the project involvingtechnology transfer activities will also be beneficial for companies. Towards the end, frameworks from literature were analysed and modified to fit to the research in developing the costing simulation tool. The simulation tool also provide an indication whether the new product development can rely on in-house expertise or to pay license to OEM Company or with technology transfer activities and to pay licence to OEM Company. To test and verify the simulation tool, samples data from past industries projects will be used as the input to the simulation tool. The analysis discusses and comments on the benefits of having the systems. Suggestions on potential enhancement were given and then conclusion of the study with the list of benefits from engineering management and financial perspectives.

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