Development of Cost Estimation Model of the Membrane System
Nur Syamimi Jiran1, Muhamad Zameri Mat Saman2, Noordin Mohd. Yusof3
1Nur Syamimi Jiran, School of Mechanical Engineering, Universiti Teknologi Malaysia, Johor, Malaysia.
2Muhamad Zameri Mat Saman, School of Mechanical Engineering, Universiti Teknologi Malaysia, Johor, Malaysia.
3Noordin Mohd. Yusof, School of Mechanical Engineering, Universiti Teknologi Malaysia, Johor, Malaysia.
Manuscript received on 01 September 2019 | Revised Manuscript received on 10 September 2019 | Manuscript Published on 23 September 2019 | PP: 645-653 | Volume-8 Issue-5C, May 2019 | Retrieval Number: E10910585C19/19©BEIESP | DOI: 10.35940/ijeat.E1091.0585C19
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Abstract: Apart from product quality, the manufacturing cost is an important element to compete in the competitive industry. Detail economic assessment is important to estimate the product cost accurately and avoid overestimating or underestimating that give bad impact to the firm. Membrane system; a compact, sustainable and cheaper wastewater treatment system compared to the traditional system. Yet, there is limited study analysing the economic aspect of the membrane system due to the limited historical data, a complicated process involved and deal with tangible overhead costs. Thus, this study aims to develop a cost model to estimate the total cost of the membrane system during its lifespan. Activity-based costing (ABC) method is used as cost estimation technique to calculating the overhead cost and added the direct costs to determine the life-cycle cost (LCC) of the membrane system by using Microsoft Excel while Microsoft Visual Basic is used to demonstrate a user-friendly cost estimation model. The proposed cost model is a simpler system because the end user is guided to get the LCC value without has to deal with a complicated equation. The proposed model cost is tested to estimating the LCC of HFMM in treating wastewater from the prototype stage until the disposal stage.
Keywords: Activity-Based Costing, Cost Estimation Model, Membrane System, Life Cycle Costing.
Scope of the Article: Mobile App Design and Development