Harold Chestnut - Cost Quotes

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Each system is unique. However, by capitalizing on similarities we can reduce the time, effort, and cost for some or all of them, and thus the quest for formalized design methods becomes more attractive.

Harold Chestnut

System costs can be considered in many different ways. For example, the cost for making the system and the cost for operating it may be used as a basic for judging the total cost. The total cost may also be arrived at in another fashion, as, for example, the sum of the fixed cost, variable cost, past investment and other charges. Furthermore, in many cases where systems engineering is required several time phases are involved for which the cost factors may be significant, such as the study phase, the breadboard phase, the prototype phase, and the production phase.

Harold Chestnut