Small-power electric machines that use permanent magnets for providing fiel
d excitation are becoming increasingly attractive for use in various indust
rial applications, including those with high-torque requirements and space
limitations. There exists a wide range of designs based on different topolo
gies and different types of magnetic materials. The cost-effectiveness of p
ermanent magnet (PM) machine designs could be affected to a great extent by
the choice of the magnet material, the overall size of the machine, and th
e selection of the most appropriate materials, taking into consideration th
eir relative costs and properties. This paper presents an analytical approa
ch to design a surface-magnet electric machine with optimum use of material
s on cost basis. Influence of major design parameters is examined, as well
using sensitivity analysis. The results show that the optimum split ratio i
s inversely related to the remanence of the chosen magnet. Also, the impact
of the core saturation level on the overall machine cost is investigated