The Arnold Machine Blog

Leading Cost Estimating Methods for Machining

Manufacturing firms need to have an accurate estimate of product design and development costs. This is especially important these days because the shorter lifespan of products accentuates the importance of design and development stages. There are two main cost estimation algorithms: feature-based cost estimation and parametric cost estimation. Feature-Based Cost Estimation The estimation algorithm that most closely follows the machining processes used to manufacture a part will be feature-based cost estimation. Manufacturing cost is determined… Read more