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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 bas… - Harold Chestnut
" "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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The Systems engineering method recognizes each system is an integrated whole even though composed of diverse, specialized structures and sub-functions. It further recognizes that any system has a number of objectives and that the balance between them may differ widely from system to system. The methods seek to optimize the overall system functions according to the weighted objectives and to achieve maximum compatibility of its parts.
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