Thomas, D.
(2020),
The Manufacturing Cost Guide: A Primer - Version 1.0, Advanced Manufacturing Series (NIST AMS), National Institute of Standards and Technology, Gaithersburg, MD, [online], https://doi.org/10.6028/NIST.AMS.200-9
(Accessed April 24, 2024)
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The Manufacturing Cost Guide: A Primer - Version 1.0
Published
Author(s)
Abstract
This primer provides an overview in using the Manufacturing Cost Guide: https://www.nist.gov/services-resources/software/manufacturing-cost-gui…. It explains how to use the tool and provides documentation on how the estimates are calculated in the tool. Specifically, this tool estimates the costs in U.S. manufacturing, which can be used to help gauge the potential returns on manufacturing industry research projects. These costs are grouped into various standardized categories such as the North American Industry Classification System (NAICS) and the Standard Occupational Classification (SOC) system along with other non- standardized costs. Version 1.0 of the tool is providing this information based upon data from 2012 onward from the U.S. Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, and other sources. The tool outputs its results based upon static data that is embedded within the tool.Citation
Advanced Manufacturing Series (NIST AMS) - 200-9
Report Number
200-9
NIST Pub Series
Pub Type
NIST Pubs
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Keywords
manufacturing, cost, benefit, investment, analysis, monte carlo, net present value, internal rate of return, payback, economics
Citation
Created June 10, 2020, Updated June 23, 2021