Determining life cycle costs of a work measurement system (WMS)

Author

Kapoor, Lalit M.

Author_Institution

Modern Technologies Corp., Dayton, OH, USA

fYear

1990

fDate

21-25 May 1990

Firstpage

995

Abstract

A general guideline that explains how to access nonrecurring and recurring work measurement system (WMS) costs over the manufacturing life of a program is presented. The annual recurring labor costs should be multiplied by the number of years of manufacturing life left in the program to estimate the total recurring WMS costs for the program. This cost model is a guide as to how a contractor could develop reasonable WMS costs over the manufacturing life of a program. The WMS cost model includes all the essential requirements that should result in an effective management information and cost control system on an ongoing basis. It provides a structured approach to developing WMS costs

Keywords

economics; management; aerospace engineering; annual recurring labor costs; cost control; cost model; life cycle costs; management information; manufacturing life; nonrecurring work measurement system; recurring work measurement system; Costs; Government; Guidelines; Monitoring; Production facilities; Pulp manufacturing; Resists; State estimation; Subcontracting; US Department of Defense;

fLanguage

English

Publisher

ieee

Conference_Titel

Aerospace and Electronics Conference, 1990. NAECON 1990., Proceedings of the IEEE 1990 National

Conference_Location

Dayton, OH

Type

conf

DOI

10.1109/NAECON.1990.112902

Filename

112902