To find the best design, your engineering team must have a way to evaluate designs, a way to measure their goodness. Trade factors are sometimes used to balance two properties, but to compare four or ten properties at once requires a full objective function , a mathematical expression that combines all the properties into a single measure of goodness . To generate an objective function specific to your product, DFM developed JetPricer , an engineering economic model that estimates the price and profitability of your product in terms of design parameters, such as weight, efficiency, cost and reliability. The model incorporates a rigorous representation of the market and your customers' business, including the impact of your design on their revenues and costs.
Probabilistic analysis is used to address demand uncertainties.
Competitors are modeled, and their relative performance drives market prices. JetPricer is flexible. It will accommodate as much or as little data as you have available. Using Microsoft Access for data entry and storage and Microsoft Excel for calculation, JetPricer can easily be tailored to your application. JetPricer can run multiple scenarios, and weight the results by their likelihood.