An Innovation of Toy Car Based on Target Costing

Abstract:

An enhanced Target Costing method for reducing product costs is introduced in this paper. At first the method applied on the concrete product, the cover for machine tool, and some flaws of the traditional procedure are pointed out. Proposals how they can be eliminated, or at least minimized, by using Theory of Technical Systems (TTS), especially by using TTS based systematic Product Design Specification and Evaluation are introduced.