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Model Based Enterprise

Applied Economics in US Manufacturing

Assembly Plant
Photo Credit: The Chrysler 200 Factory Tour, an interactive online experience using Google Maps Business View technology, takes consumers inside the new 5-million-square-foot Sterling Heights Assembly Plant for a behind-the-scenes peek at how the 2015 Chrysler 200 is built.
MBE Thumbnail

 

The Model Based Enterprise: A Literature Review of Costs and Benefits for Discrete Manufacturing

Currently, there is a limited understanding of the costs related to suboptimal design and production information in discrete manufacturing. There is incomplete information on how engineers and other staff use their time. Additionally, the rate and cause of defective or deficient products is not tracked at the industry level. The frequency and impact of low-quality design data on product research and development is not clear. Further, it isn’t clear to what extent improved process modeling can improve efficiency. This report focuses on the costs and losses associated with inadequate design/modeling information and data in discrete manufacturing.

  • This includes:
  • Product models (e.g., CAD/CAM)
  • Simulation models of manufacturing processes
  • Interoperability between software platforms

Design data has significant relevance to discrete medium-tech and high-tech manufacturing, which includes production of machinery, computers, electronics, and transportation equipment.

 

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Created January 24, 2020