Department of Mathematics


Proposed Project for the MSU Industrial Math Students

Project : Understanding the cost evolution of a product

A new product can be very expensive. Following its introduction, a product's cost generally decreases over time. Choose two or more products, at least one with high technology and one with average-to-low technology, then determine their cost curves over time. Select, investigate, and analyze parameters that may predict their decline in cost. Examples for such parameters might be economies of scale, investment in R&D, competition, improvements in their manufacture, and size of market. Can curves approximating cost evolution be defined with respect to these parameters? Can some of these curves be compared under classifications by product, industry, or process differences? For some products price may be a necessary surrogate for cost.



For any additional questions regarding the program curriculum and/or the extension deadline for the application to the MSIM program, contact us at


Department of Mathematics
Michigan State University
619 Red Cedar Road
C212 Wells Hall
East Lansing, MI 48824

Phone: (517) 353-0844
Fax: (517) 432-1562

College of Natural Science