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Cost Analysis and Estimating for Engineering and Management

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ISBN-10: 0131421271

ISBN-13: 9780131421271

Edition: 4th 2004

Authors: Phillip F. Ostwald, Timothy S. McLaren

List price: $186.00
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Description:

This popular book supplies readers with the latest principles and techniques for the evaluation of engineering design. The emphasis is on analysis and estimating. Included in this new edition is a chapter that introduces principles that deal with bringing inventions to the marketplace. It analyzes labor, material, accounting, and forecasting; then the theme of estimating is developed, with a study of methods, operations, and products. A versatile and extremely usable book, it's the perfect resource for engineers, managers, and entrepreneurs.
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Book details

List price: $186.00
Edition: 4th
Copyright year: 2004
Publisher: Prentice Hall PTR
Publication date: 8/25/2003
Binding: Paperback
Pages: 600
Size: 7.50" wide x 9.50" long x 0.75" tall
Weight: 2.222
Language: English

Preface
Importance
Engineering and Design
Economic Evaluation
Who Uses Economic Evaluation?
Reasons for Economic Evaluation
Strategies for the Enterprise
Traditional Business
High-Tech Business
Information
Domestic and International Business
International System of Units
A Look at the Book
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Professor Jairo Munoz
Labor Analysis
Background
The Mythical Man-Hour
Time
Ergonomics
Fundamentals of Time Study
Fundamentals of Work Sampling
Labor-Hour Reports
Other Methods for Determining Time
Wage and Fringe Rates
Wage-Only Method
Gross Hourly Cost
Joint Labor Cost (Optional)
Learning
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: The Endicott Iron Foundry
Material Analysis
Background
Material
Shape
Cost
Material Cost Policies
Specification
Policies for Evaluating Commodity Materials
Policies for Evaluating Contractual Materials
Policies for Evaluating Material from Inventory
Joint Material Cost (Optional)
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Design for Runner System
Accounting Analysis
Business Transactions
Conventions
Chart of Accounts
Structure of Accounts
Understanding the Balance-Sheet Statement
Understanding the Profit-and-Loss Statement
Depreciation
Background
Purpose of Depreciation
Property Classification for Depreciation Methods
Methods of Calculating Annual Depreciation Amount
Budgeting
Types of Budgets and Relating Cost Accounts
Budgets for Overhead Calculation
Overhead
Importance
Traditional Methods
Allocation Methods
Methods of Direct Labor Hours and Dollars
Productive Hour Cost Rate Principles
Activity-Based Costing Principles
Job and Process Accounting and Variance Procedures (Optional)
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Machine Shop
Forecasting
Graphic Analysis of Facts
Least-Squares and Regression (Optional)
Least-Squares
Confidence Limits for Average Values and Prediction Limits for Individual Values
Curvilinear Regression and Transformation
Correlation
Multiple Linear Regression
Time-Series Models (Optional)
Cost Indexes
Calculation, Interpretation, and Unintended Consequences
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Forecasting Production Quantity and Budget Requirements for a Gas Engine
Estimating Methods
Estimating for the Enterprise
Universal Methods
Opinion
Conference
Comparison
Unit
Operation Methods
Cost- and Time-Estimating Relationships
Performance Time Data Algorithm
Product Methods
Learning
Project Methods
Power-Law-and-Sizing CERs
Other CERs (Optional)
Factor Method
Advanced Approaches (Optional)
Expected Value
Range
Percentile
Monte Carlo Simulation
Single-Value or Probability-Distribution Comparisons?
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Industrial Process Plant Project Cost
Operation Estimating
Background
Manufacturing: What It Is, What It Does, and What It Is Not
Classic Operations Analysis (Option 1)
Contemporary Operations Analysis (Option 2)
Pinion Operation 10
Length of Cut Calculation
Pinion Operation 20
Pinion Operation 30
Pinion Operation 40
Tool Cost
Operation Cost
Batch Manufacturing
Flow-Line Manufacturing (Optional)
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Estimating a Stainless-Steel Part
Product Estimating
Background
Estimating Engineering Costs
Information Required for Product Estimating
Bill of Material (BOM)
The Product Estimate
Productive Hour Cost Model
Activity-Based Costing Model (Optional)
Learning Model (Optional)
Extensions for Learning Model (Optional)
Follow-On Production
Engineering Change Order
Break-Even Analysis
Pricing Principles
Opinion, Conference, and Comparison
Markup on Cost
Contribution
Price-Estimating Relationships
Basic Contract Types (Optional)
Fixed-Price Arrangements
Cost-Reimbursable Arrangements
Benchmarking and Competitive Analysis
Trends in Product Cost Estimating (Optional)
Designing, Estimating, and Producing in a Global Economy
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Unijunction Electronic Metronome
Cost Analysis
First Principles for Tradeoff Studies
Cash Flow
Taxation Effects on Cash Flow
Inflation or Deflation Effects on Cash Flow
Break-Even Models
Linear Cost Case
Semifixed Cost Case (Optional)
Nonlinear Cost Case
Life Cycle Cost (Optional)
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Optimal Injection-Molding Tool Cost
Engineering Economy
Importance
Average Annual Rate-of-Return Methods
Payback-Period Method
Time-Value-of-Money Methods
Net-Present-Worth Method
Net-Future-Worth Method
Net-Equivalent-Annual-Worth Method
Rate-of-Return Method
Comparison of Methods
Standard Approaches to Engineering-Economy Methods
Advanced Applications (Optional)
Contexts of "Interest" in Engineering Economy
Minimum Attractive Rate of Return
Comparison of Alternatives
Replacement
Taxation Effects of Engineering Projects
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Seasonal Production
The Enterprise, Entrepreneurship, and Imaginamachina
The Enterprise
Entrepreneurship
Inventors and Innovators
Designing for Profit
Designing for Manufacture
Self-Manufacture or Purchase?
Enterprise Planning
Assessment and Due Diligence
Financing and Enterprise Funding (Optional)
Raising Money
Stock
Debt
Bonds
Alliances
Offering
Legal Reminders (Optional)
Ethics and Engineering
Summary
Questions for Discussion
Problems
Challenge Problems
Practical Application
Case Study: Round Plate Inc.
Values of the Standard Normal Distribution Function
Values of the Student t Distribution
10% Interest Factors for Annual Compounding Interest
20% Interest Factors for Annual Compounding Interest
Values of Learning Theory
Selected Answers
Bibliography
Index
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