Application of set‐based concurrent engineering methodology to the development of cost modeling system for metal casting process

In recent years, the reliable, accurate, and timely estimate of product cost at the conceptual design stage can enhance the competitiveness of a casting part. Set‐based concurrent engineering has emerged as an efficient solution to overcome this limitation as it provides simultaneous design procedures to positively assist the designer in achieving the required customer values in a short time and low cost. Therefore, this study attempts to integrate the set‐based concurrent engineering methodology into the development of a cost modeling system for the metal casting process. The system architecture is comprised of a user interface, knowledge database, and CAD modeling system. A detailed working flow process of the developed cost modeling system has been proposed under the guidelines of set‐based concurrent engineering. Further, the proposed methodology is demonstrated and validated by employing a real‐time casting part that was manufactured using the sand casting process. The implementation of the system provided many tangible benefits to the collaborative company including a decrease in cost estimation time (∼50%) and part rejection rate (∼32.3%). Further, the developed cost modeling approach provided a cost estimate near the actual cost of the product (∼4% deviation). It truly proves the significance of the developed system for the practitioners who believe that accurate and timely estimates of product manufacturing cost at the design stage can enhance the competitiveness of a product.