Company Filing History:
Years Active: 2006
Title: R Sebastian Schrader: Innovator in Cost Estimation Technology
Introduction
R Sebastian Schrader is a notable inventor based in Waltham, MA (US). He has made significant contributions to the field of cost estimation in design processes. His innovative approach focuses on optimizing manufacturing costs during the design phase of parts using computer-aided design (CAD) systems.
Latest Patents
R Sebastian Schrader holds a patent for an invention titled "Integrated real-time feature based costing." This system and method automatically estimates the optimized cost of a part during its design on a CAD system. The method involves extracting parametric features from the current design, identifying manufacturing cost drivers based on these features, and translating them into costs using process models. The costs are optimized concerning various operations within specified machine constraints through an algorithm with dynamically linked structures. The output provides the designer with estimates of optimized costs and cost reasoning, enhancing the design process.
Career Highlights
R Sebastian Schrader is affiliated with the University of Illinois, where he continues to contribute to advancements in engineering and design methodologies. His work emphasizes the importance of integrating cost estimation into the design process, which can lead to more efficient manufacturing practices.
Collaborations
Some of his notable coworkers include Michael L Philpott and Gautam Subbarao, who have collaborated with him on various projects related to cost estimation and design optimization.
Conclusion
R Sebastian Schrader's innovative work in integrated real-time feature-based costing represents a significant advancement in the field of design and manufacturing. His contributions are paving the way for more efficient and cost-effective design processes in engineering.