Design for assembly (DFA) is a process by which products are designed with ease of assembly in mind. If a product contains fewer parts it will take less time to assemble, thereby reducing assembly costs. This is usually where the major cost benefits of the application of design for assembly occur.
Design for Assembly (DFA) techniques aim to reduce the cost and time of assembly by simplifying the product and process through such means as reducing the number of parts, combining two or more parts into one, reducing or eliminating adjustments, simplifying assembly operations, designing for parts handling and
Design-to-Cost (DTC), as part of cost management techniques, describes a systematic approach to controlling the costs of product development and manufacturing. The basic idea is that costs are designed "into the product", even from the earliest concept decisions on and are difficult to remove later.
Design for the Environment (DfE) is a design approach to reduce the overall human health and environmental impact of a product, process or service, where impacts are considered across its life cycle. Different software tools have been developed to assist designers in finding optimized products or processes/services.
Design for America is an idea incubator, a motivated community, and a way of approaching complicated challenges. DFA shapes the next generation of social innovators.
Design for Disassembly is a design process that allows easier access to the materials, parts and products of a builidng when it is renovated and/or disassembled. It provides flexability whilst renovationg, disassembly or converstion.
Robust product design is a concept from the teachings of Dr. Genichi Taguchi, a Japanese quality guru. It is defined as reducing variation in a product without eliminating the causes of the variation. In other words, making the product or process insensitive to variation.
The Taguchi loss function is graphical depiction of loss developed by the Japanese business statistician Genichi Taguchi to describe a phenomenon affecting the value of products produced by a company. This means that if the product dimension goes out of the tolerance limit the quality of the product drops suddenly.
In mathematical optimization, statistics, econometrics, decision theory, machine learning and computational neuroscience, a loss function or cost function is a function that maps an event or values of one or more variables onto a real number intuitively representing some "cost" associated with the event.
Training loss is the error on the training set of data. Validation loss is the error after running the validation set of data through the trained network. Train/valid is the ratio between the two. Unexpectedly, as the epochs increase both validation and training error drop.
A mathematical formula used to predict the cost associated with a certain action or a certain level of output. Businesses use cost functions to forecast the expenses associated with production, in order to determine what pricing strategies to use in order to achieve desired profit margins.
A profit function is a function that focuses on business applications. If x represents the number of units sold, we will name these two functions as follows: R(x) = the revenue function; C(x) = the cost function. Therefore, our profit function equation will be as follows: P(x) = R(x) - C(x).
What is a Cost Function? Definition: A cost function is a mathematical formula used to used to chart how production expenses will change at different output levels. In other words, it estimates the total cost of production given a specific quantity produced.
A cost driver is the unit of an activity that causes the change in activity's cost. cost driver is any factor which causes a change in the cost of an activity. — Chartered Institute of Management Accountants.
A cost equation is a mathematical formula that a company can use to predict the expenses associated with the production and sale of a certain amount of goods. The formula typically incorporates constant overhead costs as well as variable costs that depend on the volume of sales.
Total cost formula. July 31, 2017. The total cost formula is used to derive the combined variable and fixed costs of a batch of goods or services. The formula is the average fixed cost per unit plus the average variable cost per unit, multiplied by the number of units.
Sales revenue is one of the key indicators of the well-being of a company. Sales revenue is generated by multiplying the number of a product sold by the sales amount using the formula: Sales Revenue = Units Sold x Sales Price. The more sales a company makes, the more money available within the business.