Ingenieur Vol 68 Oct-Dec 2016 | Page 39

c. Cost reduction: According to Anderson [3], 60% of a product’s cost is determined by the concept. However, the chance to attain the lowest possible cost is ignored when the product concept is based on a research prototype. Cost reduction activities are not possible after the parts of the product are designed based on the research prototype, and implementing change-orders wastes valuable resources and compromises product and process integrity. Furthermore, researchers, scientists and inventors design products primarily to optimise functionality and make parts to fit into the product concept. They overlook using standard