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Priority of Objective Cost in Design Process given Minimum Design Index Formula

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Cost Priority (%) is a factor which shows the priority of cost objective on a percentage scale. It is oriented according to the user's definition of priorities. Check FAQs

P c = \frac{(DI min \cdot 100) - (WI \cdot P w) - (TI \cdot P t)}{CI}

P_c - Cost Priority (%)?DI_min - Minimum Design Index?WI - Weight Index?P_w - Weight Priority (%)?TI - Period Index?P_t - Period Priority (%)?CI - Cost Index?

Priority of Objective Cost in Design Process given Minimum Design Index Example

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Here is how the Priority of Objective Cost in Design Process given Minimum Design Index equation looks like with Units.

Here is how the Priority of Objective Cost in Design Process given Minimum Design Index equation looks like.

10.11 = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{1327.913}

10.11 = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{1327.913}

10.11 = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{1327.913}

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Priority of Objective Cost in Design Process given Minimum Design Index Solution

Follow our step by step solution on how to calculate Priority of Objective Cost in Design Process given Minimum Design Index?

FIRST Step Consider the formula

P c = \frac{(DI min \cdot 100) - (WI \cdot P w) - (TI \cdot P t)}{CI}

Next Step Substitute values of Variables

∴

P c = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{1327.913}

Next Step Prepare to Evaluate

∴

P c = \frac{(160 \cdot 100) - (50.98 \cdot 15.1) - (95 \cdot 19)}{1327.913}

Next Step Evaluate

∴

P c = 10.1100011823064

LAST Step Rounding Answer

∴

P c = 10.11

Priority of Objective Cost in Design Process given Minimum Design Index Formula Elements

Variables

Cost Priority (%)

Cost Priority (%) is a factor which shows the priority of cost objective on a percentage scale. It is oriented according to the user's definition of priorities.

Symbol: P_c

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost Priority (%)

Minimum Design Index

Minimum Design Index is a comparable quantity in conceptual design phase which considers Cost, Weight and Time period indices.

Symbol: DI_min

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Minimum Design Index

Weight Index

Weight Index is the summation of all the contributors in weight configuration parameters. The weight configuration parameters are valued on the scale of 0-10 (best=10 and worst=0).

Symbol: WI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Weight Index

Weight Priority (%)

Weight Priority (%) is a factor which shows the priority of Weight factor on a percentage scale. It is oriented according to the user's definition of priorities.

Symbol: P_w

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Weight Priority (%)

Period Index

Period Index is the summation of all the contributors in period configuration parameters. The Period configuration parameters are valued on the scale of 0-10 (best=10 and worst=0).

Symbol: TI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Period Index

Period Priority (%)

Period Priority (%) is a factor which shows the priority of time factor on a percentage scale. It is oriented according to the user's definition of priorities.

Symbol: P_t

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Period Priority (%)

Cost Index

Cost Index is the summation of all the contributors in cost configuration parameters. The cost configuration parameters are valued on the scale of 0-10 (best=10 and worst=0).

Symbol: CI

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Cost Index

Other formulas in Design Process category

Go Minimum Design Index

DI min = \frac{(CI \cdot P c) + (WI \cdot P w) + (TI \cdot P t)}{100}

Go Cost Index given Minimum Design Index

CI = \frac{(DI min \cdot 100) - (WI \cdot P w) - (TI \cdot P t)}{P c}

How to Evaluate Priority of Objective Cost in Design Process given Minimum Design Index?

Priority of Objective Cost in Design Process given Minimum Design Index evaluator uses Cost Priority (%) = ((Minimum Design Index*100)-(Weight Index*Weight Priority (%))-(Period Index*Period Priority (%)))/Cost Index to evaluate the Cost Priority (%), Priority of Objective Cost in Design Process given Minimum Design Index indicates the significance attributed to managing and minimizing the financial resources required for the aircraft design while achieving the desired level of performance, safety, and reliability, this priority reflects the importance of cost-effectiveness and affordability in meeting operational requirements and maximizing the overall value of the aircraft design. Cost Priority (%) is denoted by P_c symbol.

How to evaluate Priority of Objective Cost in Design Process given Minimum Design Index using this online evaluator? To use this online evaluator for Priority of Objective Cost in Design Process given Minimum Design Index, enter Minimum Design Index (DI_min), Weight Index (WI), Weight Priority (%) (P_w), Period Index (TI), Period Priority (%) (P_t) & Cost Index (CI) and hit the calculate button.

FAQs on Priority of Objective Cost in Design Process given Minimum Design Index

What is the formula to find Priority of Objective Cost in Design Process given Minimum Design Index?

The formula of Priority of Objective Cost in Design Process given Minimum Design Index is expressed as Cost Priority (%) = ((Minimum Design Index*100)-(Weight Index*Weight Priority (%))-(Period Index*Period Priority (%)))/Cost Index. Here is an example- 244.0946 = ((160*100)-(50.98*15.1)-(95*19))/1327.913.

How to calculate Priority of Objective Cost in Design Process given Minimum Design Index?

With Minimum Design Index (DI_min), Weight Index (WI), Weight Priority (%) (P_w), Period Index (TI), Period Priority (%) (P_t) & Cost Index (CI) we can find Priority of Objective Cost in Design Process given Minimum Design Index using the formula - Cost Priority (%) = ((Minimum Design Index*100)-(Weight Index*Weight Priority (%))-(Period Index*Period Priority (%)))/Cost Index.

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Priority of Objective Cost in Design Process given Minimum Design Index Formula

Priority of Objective Cost in Design Process given Minimum Design Index Example

Priority of Objective Cost in Design Process given Minimum Design Index Solution

Priority of Objective Cost in Design Process given Minimum Design Index Formula Elements

Other formulas in Design Process category

How to Evaluate Priority of Objective Cost in Design Process given Minimum Design Index?

FAQs on Priority of Objective Cost in Design Process given Minimum Design Index

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