Cost Issues
Cost of materials plays a very significant role in their selection. The most straightforward way to weight cost against properties is to develop a monetary metric for properties of parts. For example, life cycle assessment can show that the net present value of reducing the weight of a car by 1 kg averages around $5, so material substitution which reduces the weight of a car can cost up to $5 per kilogram of weight reduction more than the original material. However, the geography- and time-dependence of energy, maintenance and other operating costs, and variation in discount rates and usage patterns (distance driven per year in this example) between individuals, means that there is no single correct number for this. For commercial aircraft, this number is closer to $450/kg, and for spacecraft, launch costs around $20,000/kg dominate selection decisions.
Thus as energy prices have increased and technology has improved, automobiles have substituted increasing amounts of light weight magnesium and aluminium alloys for steel, aircraft are substituting carbon fiber reinforced plastic and titanium alloys for aluminium, and satellites have long been made out of exotic composite materials.
Of course, cost per kg is not the only important factor in material selection. An important concept is 'cost per unit of function'. For example, if the key design objective was the stiffness of a plate of the material, as described in the introductory paragraph above, then the designer would need a material with the optimal combination of density, Young's modulus, and price. Optimizing complex combinations of technical and price properties is a hard process to achieve manually, so rational material selection software is an important tool.
Read more about this topic: Material Selection
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