Abstract
Cost management and quality analysis methods currently contribute to the decision support in product design and manufacturing process. One of the objectives is to evaluate a process plan in order to choose the most efficient solution in economic and qualitative terms. This study proposes a methodology based on Failure Mode and Effect Analysis (FMEA) with the financial aspects of risk, and Activity-Based Costing (ABC) in the purpose of economical evaluating the process plan. It shows how ABC and cost-based FMEA concepts can be adapted to measure quality-related costs and prioritize quality improvement efforts. Information modeling for this methodology is provided; and a case example is presented to illustrate its application.
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