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The integration of process and cost modeling—A powerful tool for business planning |
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| Authors: | Julian Szekely Ph.D. John Busch Ph.D. Gerardo Trapaga Ph.D. |
| Affiliation: | 1. Massachusetts Institute of Technology, USA 2. IBIS Associates, Wellesley, Massachusetts, USA 3. Materials Processing Center, Massachusetts Institute of Technology, USA |
| 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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