Abstract:
The modern era of manufacturing sector and industrialization mainly focuses on the
productivity improvement. To achieve the same the manufacturing cost of the various products
of the industry has a profound impact. Many companies face the problems of quoting prices of
their products in the competitive market which is due to lack of efficient and effective cost
estimation. Therefore, in this review paper author aims to study the various methods for early
cost estimation during the design and development stage. Feature based techniques have also
been employed recently for early estimation. Hence the author’s intentions here are to use the
amalgamation of the methods employed for cost estimation and feature techniques.
