Journal
INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume 131, Issue 2, Pages 701-708Publisher
ELSEVIER
DOI: 10.1016/j.ijpe.2011.02.019
Keywords
Airframe structure; Cost estimation; Least squares support vector machines; Back-propagation neural networks; Statistical regression analysis
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Accurate cost estimation plays a significant role in industrial product development and production. This research applied least squares support vector machines (LS-SVM) method solving the problem of estimating the manufacturing cost for airframe structural projects. This research evaluated the estimation performance using back-propagation neural networks and statistical regression analysis. In case studies, this research considered structural weight and manufacturing complexity as the main factors in determining the manufacturing labor hour. The test results verified that the LS-SVM model can provide accurate estimation performance and outperform other methods. This research provides a feasible solution for airframe manufacture industry. (C) 2011 Elsevier B.V. All rights reserved.
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