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See detailTowards a Short Time "Feature-Based Costing" for Ship Design
Caprace, Jean-David ULg; Rigo, Philippe ULg

in Journal of Marine Science & Technology (2012), 17(2), 216-230

Cost is perhaps the most influential factor in the outcome of a product or service within many of todays industries. Cost assessment during the early stage of ship design is crucial. It influences the go ... [more ▼]

Cost is perhaps the most influential factor in the outcome of a product or service within many of todays industries. Cost assessment during the early stage of ship design is crucial. It influences the go, no-go decision concerning a new development. Cost assessment occurs at various stages of ship design development. Economic evaluation as early as possible, in the design phase, is therefore vital to find the best pricefunction compromise for the ship projects. The authors have developed a Feature-Based Costing (FBC) model for cost effectiveness measurements intended to be used by ship designers for the real time control of cost process. The outcome is that corrective actions can be taken by management in a rather short time to actually improve or overcome predicted unfavourable performance. [less ▲]

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See detailShip Complexity Assessment at Concept Design Stage
Caprace, Jean-David ULg; Rigo, Philippe ULg

in Journal of Marine Science & Technology (2011), 16

A innovative complexity metric has been introduced in this paper and provides a solution to compare similar or different ship types and size together at the contract design stage. The goal is to provide ... [more ▼]

A innovative complexity metric has been introduced in this paper and provides a solution to compare similar or different ship types and size together at the contract design stage. The goal is to provide the designer with such information throughout the design process so that an efficient design is obtained at the first design run. Application and validation on a real passenger ships have shown that a significant correlation between the error of an engineer’s judgement of omplexity and the cost assessment error can be obtained. It follows that this tool could be used to improve the knowledge of ship’s complexity at the contract design stage or even to try to optimise their design if the complexity criteria are not fixed by the shipowners. [less ▲]

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