Estimation the cost of metal manufacturing

Cost estimation is a critical part of manufacturing. It has a significant role in determining the feasibility of decisions including design stage, planning and production methods. Especially, it is useful for subcontracting processes that GRAD4 conducts where the features of parts are submitted and bidding is the way of the deal between suppliers and buyers. We will investigate the historical cost and material data of parts and develop estimation methods utilizing statistical analysis and machine learning. The data includes features of the parts such as the operations needed, the geometry as well as the materials. The data particularly include three separate cost items: bending cost, laser cost, and material cost. The material cost has a deterministic feature that can be computed without variation. However, bending and laser costs has more complex nature which can be captured by pattern recognition applications. The final estimations would be in confidence interval form to enable the measurement of uncertainty and risk assessment.

Faculty Supervisor:

Mehmet Gumus

Student:

Partner:

GRAD4 Inc;Axya Inc.

Discipline:

Computer science

Sector:

Professional, scientific and technical services

University:

McGill University

Program: