The adaptation of product cost estimation techniques to estimate the cost of service

Huang, Xiao; Newnes, Linda; Parry, Glenn

Abstract

This article presents an approach to ascertain whether product cost estimating techniques can be adapted for use in estimating the costs for providing a service. The research methodology adopted consists of a critique and analysis of the literature to ascertain how current cost estimation techniques are used. The analysis of the cost estimation techniques provides knowledge of cost estimation, in particular for products and service with advantages and drawbacks defined. This leads to the proposition of applying product costing methods to services. Hence, proposals on how product costing approaches can contribute to the service industry are presented as the focus of this article. Gaps and challenges for service costing are identified and corresponding future direction is suggested. © 2012 Taylor & Francis.

• Journal Article Type: Review
• Publication Date: Apr 1, 2012
• Deposit Date: Sep 18, 2012
• Publicly Available Date: Nov 15, 2016
• Journal: International Journal of Computer Integrated Manufacturing
• Print ISSN: 0951-192X
• Electronic ISSN: 1362-3052
• Publisher: Taylor & Francis
• Peer Reviewed: Peer Reviewed
• Volume: 25
• Issue: 4-5
• Pages: 417-431
• DOI: https://doi.org/10.1080/0951192X.2011.596281
• Keywords: product, service, product cost estimation, service cost estimation
• Public URL: https://uwe-repository.worktribe.com/output/953654
• Publisher URL: http://dx.doi.org/10.1080/0951192X.2011.596281
• Additional Information: Additional Information : Version of record first published: 14th September 2011
• Contract Date: Nov 15, 2016