New aircraft cost estimating method revolutionizes industry decision-making and resource allocation.
The article discusses how important it is to estimate the cost of building new airplanes before actually spending money on them. The researchers focused on developing a method to predict the cost of making a new commercial jet aircraft. They looked at different ways to estimate costs and used historical data to create accurate cost estimates for new aircraft designs. They found that their method can provide reliable cost estimates for new airplanes, helping managers make better decisions and designers work more efficiently.
