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The integration of process and cost modeling—A powerful tool for business planning

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Abstract

Recent developments in modeling can eliminate much experimental laboratory work and can provide quick answers in a more cost-effective manner. This article presents a brief outline of technical cost modeling, a combination of physical modeling and cost modeling, which may be used to the mutual benefit of both the managerial decision makers and the R&D community within the materials processing field.

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Author information

Authors and Affiliations

  1. Massachusetts Institute of Technology, USA

    Julian Szekely Ph.D. (professor of materials engineering, member of TMS)

  2. IBIS Associates, Wellesley, Massachusetts, USA

    John Busch Ph.D. (president)

  3. Materials Processing Center, Massachusetts Institute of Technology, USA

    Gerardo Trapaga Ph.D. (research associate, member of TMS)

Authors
  1. Julian Szekely Ph.D.
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  2. John Busch Ph.D.
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  3. Gerardo Trapaga Ph.D.
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Szekely, J., Busch, J. & Trapaga, G. The integration of process and cost modeling—A powerful tool for business planning. JOM 48, 43–47 (1996). https://doi.org/10.1007/BF03223267

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  • DOI: https://doi.org/10.1007/BF03223267

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