Analytical cost estimation of investment casted products during design phase is a complex task since the quantity of parameters to be evaluated. So far, there is a short literature on such cost estimation models. This paper attempts to improve the cost model presented by Boothroyd and Dewhurst. Improvements (mainly focused on cluster assembly and investment, sintering and melting phases) were defined and verified in cooperation with two foundries. Tested on eight components, deviation between estimated and actual costs is around 14% for manual production lines and 6% for automatic ones.
