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

Huang, Xiao; Newnes, Linda; Parry, Glenn

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Authors

Xiao Huang

Linda Newnes

Glenn Parry Glenn.Parry@uwe.ac.uk
Associate Lecturer - BAM



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.

Citation

Huang, X., Newnes, L., & Parry, G. (2012). The adaptation of product cost estimation techniques to estimate the cost of service. International Journal of Computer Integrated Manufacturing, 25(4-5), 417-431. https://doi.org/10.1080/0951192X.2011.596281

Journal Article Type Review
Publication Date Apr 1, 2012
Deposit Date Sep 18, 2012
Publicly Available Date Mar 29, 2024
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

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