design to cost

"A concept that establishes cost elements as management goals to achieve the best balance between life-cycle cost, acceptable performance, and schedule. Under this concept, cost is a design constraint during the design and development phases and a from systematic error. The experiments should adhere to the scientific principles of statistical design and analysis. Each experiment should include three parts: the experimental statement, the design and the analysis. Examples of experimental designs include: single/multi factor block, factorial, Latin square and nested arrangements.

SOURCE:

SOURCE: apm.com"