successfully complete this course will be able to: Mathematically model customer needs and wants in terms of reservation price. Mathematically model technological capabilities in terms... of manufacturing cost. Assess the impact of a competitive market on price, profit and market share. Optimize product design for market success. Communicate to a design team... Project During the course, students will develop a three-phase project around a product of their choice. Phase I - Develop a price model Phase II - Develop a cost model Phase III - Develop a design model Return to DFM Consulting's Home Page 2011, DFM Consulting ...

to your product, DFM developed Pricer, an engineering economic model that estimates the price and profitability of your product in terms of design parameters, such as weight... and costs. Probabilistic analysis is used to address demand uncertainties. Competitors are modeled, and their relative performance drives market prices. Pricer is flexible. It... in efficiency? Pricer makes it easy to answer these questions. Sensitivity results can then be used to price out research and development programs. Pricer can be used to answer questions...

designers will need a reliable method of estimating the cost impact. DFM Consulting's cost modeling technology is an important asset. Many of your costs are set by your supplier's prices.... However, this search will find design changes that are so attractive to your suppliers that they will generally agree to price reductions in order to adopt the lower cost design...

incorporate incentive clauses that modify the price based on performance, so that the subcontractor earns more profit as the part brings more value to your business. The incentive clause... and Production Even though incentives are tied to production prices, contract incentives must be introduced prior to development so that component designs can be optimized... Sharing Partners Revenue Sharing Partners typically earn a percentage of sales rather than a fixed price for their component. To align their profitability with the optimal design...

to your product, DFM Consulting can build a value model, an engineering economic model that estimates the price and profitability of your product in terms of design parameters.... Sensitivity results can then be used to price out research and development programs. Your model can be used to answer questions such as, "What is it worth to my business to increase turbine...