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Schedule and cost integrated estimation for complex product modeling based on Weibull distribution

  • Tsinghua University

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Schedule and cost factors are largely related to the successful performance of a complex product manufacturing or acquisitions processes. Nonetheless, traditional statistics methods cannot effectively meet the requirement of the complex product management. In this paper, the Weibull distribution with modified least squares estimation (LSE) method is utilized to estimate the integration of schedule and cost. Firstly, the explanation of 3-parameter Weibull probability distribution function for estimation the integrated schedule and cost is demonstrated. In addition, the multi-peaks Weibull distribution is proposed for large complex product modeling consisted of several subsystems. Moreover, a modified LSE method for Weibull parametric analysis is proposed reflecting the latest schedule-cost integration status where the old data will be forgotten with the data accumulation, instead of treating all the data equally. Last but not least, the comparison with other statistics methods demonstrates the effectiveness of method in this research. The illustration using complex system samples also shows that the estimation of schedule and cost integrated based on multi-peaks Weibull distribution is viable and efficient.

Original languageEnglish
Title of host publicationProceedings of the 2015 IEEE 19th International Conference on Computer Supported Cooperative Work in Design, CSCWD 2015
EditorsAntonio Guerrieri, Wenfeng Li, Jean-Paul Barthes, Weiming Shen, Sergio Ochoa, Giancarlo Fortino, Milton Ramos, Marie-Helene Abel, Junzhou Luo
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages276-280
Number of pages5
ISBN (Electronic)9781479920020
DOIs
StatePublished - 31 Aug 2015
Externally publishedYes
Event19th IEEE International Conference on Computer Supported Cooperative Work in Design, CSCWD 2015 - Calabria, Italy
Duration: 6 May 20158 May 2015

Publication series

NameProceedings of the 2015 IEEE 19th International Conference on Computer Supported Cooperative Work in Design, CSCWD 2015

Conference

Conference19th IEEE International Conference on Computer Supported Cooperative Work in Design, CSCWD 2015
Country/TerritoryItaly
CityCalabria
Period6/05/158/05/15

Keywords

  • a modified LSE method
  • Complex product management
  • schedule-cost integration
  • Weibull distribution

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