System costs can be considered in many different ways. For example, the cost for making the system and the cost for operating it may be used as a bas… - Harold Chestnut

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System costs can be considered in many different ways. For example, the cost for making the system and the cost for operating it may be used as a basic for judging the total cost. The total cost may also be arrived at in another fashion, as, for example, the sum of the fixed cost, variable cost, past investment and other charges. Furthermore, in many cases where systems engineering is required several time phases are involved for which the cost factors may be significant, such as the study phase, the breadboard phase, the prototype phase, and the production phase.

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About Harold Chestnut

Harold (Hall) Chestnut (November 25, 1917 – August 29, 2001) was an American electrical engineer, who contributed to the development of the fields of and systems engineering.

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Additional quotes by Harold Chestnut

Those of us concerned with developing new technology should consider ourselves to have a major undertaking to try to meet the expanding needs of the increasing number of people in the world with its finite resources and environments constraints.

In a world in which training and functions of individuals and groups are growing more and more specialized the number of ways to accomplish any particular result increasing. Different design, different facilities, different equipment, different methods, and different organizational means are available to meet the needs of man. It is highly desirable that we have trained persons look at these varied possibilities to compare their effectiveness, and to point the way to sound engineering decisions. Systems Engineering Methods is directed towards the development of a broad systems engineering approach to help such people improve their decision-making capability. Although the emphasis is on engineering, the systems approach can also has validity for many other areas in which emphasis may be social, economic, or political.

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