Cost Analysis and Estimating for Engineering and Management

Author: Phillip F. Ostwald
Publisher: Prentice Hall
ISBN: 9780131421271
Format: PDF, ePub, Mobi
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For undergraduate or graduate courses in cost estimating in engineering, management and technology settings, this text provides the principles and techniques for the evaluation of engineering design. It analyses labour, material, accounting and forecasting amongst other topics.

Construction Cost Analysis and Estimating

Author: Phillip F. Ostwald
Publisher: Pearson College Division
ISBN:
Format: PDF, ePub
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The most current guide of its kind on the market, this essential book for today's construction managers and engineers provides the latest principles and techniques for the evaluation of construction design by presenting a balanced and cohesive study of construction cost analysis and estimation. Begins with four chapters on the analysis of labor, material, accounting, and forecasting—then systematically segues into the area of estimating, with in-depth discussions on how it applies to methods, work, and projects. Covers statistics for cost analysis, general cost analysis and bidding strategies for construction (i.e., bidding, estimate insurance, engineering economy, benefit cost, and life cycle), and the newest models and techniques for cost estimating. “Practical Applications” encourage field trips and communication through the internet, and a variety of interesting open-ended case studies actively engage readers in realistic scenarios and help develop critical thinking skills. Integrates an extensive array of exercises, qualitative questions, and problems, and limits math to algebra and introductory calculus. For professionals in construction, civil and environmental engineering, and architecture.

Systems Life Cycle Costing

Author: John V. Farr
Publisher: CRC Press
ISBN: 1439828911
Format: PDF, Docs
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Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management. No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.

Systems Cost Engineering

Author: Dale Shermon
Publisher: Routledge
ISBN: 1351896474
Format: PDF
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Parametric cost estimating models are flexible tools which bring engineering, scientific and mathematical rigour to cost and schedule estimating, but great tools alone will not keep programs affordable. Tools must be applied as part of a credible process if estimates and analyses are to be accepted. Complex major projects involving engineering, hardware, software, service and IT, all suffer from two basic problems: the project sponsors often struggle to specify the project effectively, and project managers find themselves wrestling with unpredicted cost or schedule overruns. Everyone wants to be successful with the tools and solutions they use, so this book is a comprehensive collection of methods with proven success. The applications described by Dale Shermon and his co-authors have evolved over 30 years of cost engineering experience during which time they have been matured by the parametric community. Each chapter explores a different application of parametrics, based on real-life case examples, providing you with a detailed guide to the rationale and value of cost engineering in a different industry or program context. Systems Cost Engineering will help cost engineers, project and program directors, and the champions that support them, to understand and apply parametrics to ensure that their programs: * offer a credible analysis of alternative cost options * are never initiated with insufficient funding because of inaccurate estimates of cost or quantification of risks * are never diverted from their objective because of a lack of credible cost management * share and communicate knowledge of realistic and dynamic cost and productivity metrics amongst the program team * are never derailed by surprise cost overruns or schedule delays The information in this book will give projects sponsors and bid managers confidence in the business case that they are developing and enable them to communicate a clear and transparent picture of the risks, opportunities and benefits to stakeholders and project owners.

Cost Estimation

Author: Gregory K. Mislick
Publisher: John Wiley & Sons
ISBN: 1118802330
Format: PDF, ePub, Mobi
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Presents an accessible approach to the cost estimation tools, concepts, and techniques needed to support analytical and cost decisions Written with an easy-to-understand approach, Cost Estimation: Methods and Tools provides comprehensive coverage of the quantitative techniques needed by professional cost estimators and for those wanting to learn about this vibrant career field. Featuring the underlying mathematical and analytical principles of cost estimation, the book focuses on the tools and methods used to predict the research and development, production, and operating and support costs for successful cost estimation in industrial, business, and manufacturing processes. The book begins with a detailed historical perspective and key terms of the cost estimating field in order to develop the necessary background prior to implementing the presented quantitative methods. The book proceeds to fundamental cost estimation methods utilized in the field of cost estimation, including working with inflation indices, regression analysis, learning curves, analogies, cost factors, and wrap rates. With a step-by-step introduction to the practicality of cost estimation and the available resources for obtaining relevant data, Cost Estimation: Methods and Tools also features: Various cost estimating tools, concepts, and techniques needed to support business decisions Multiple questions at the end of each chapter to help readers obtain a deeper understanding of the discussed methods and techniques An overview of the software used in cost estimation, as well as an introduction to the application of risk and uncertainty analysis A Foreword from Dr. Douglas A. Brook, a professor in the Graduate School of Business and Public Policy at the Naval Postgraduate School, who spent many years working in the Department of Defense acquisition environment Cost Estimation: Methods and Tools is an excellent reference for academics and practitioners in decision science, operations research, operations management, business, and systems and industrial engineering, as well as a useful guide in support of professional cost estimation training and certification courses for practitioners. The book is also appropriate for graduate-level courses in operations research, operations management, engineering economics, and manufacturing and/or production processes.

Estimating and Costing for the Metal Manufacturing Industries

Author: Robert Creese
Publisher: CRC Press
ISBN: 9780824787127
Format: PDF, ePub, Mobi
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This practical reference/text provides a thorough overview of cost estimating as applied to various manufacturing industries, with special emphasis on metal manufacturing concerns. It presents examples and study problems illustrating potential applications and the techniques involved in estimating costs.;Containing both US and metric units for easy conversion of world-wide manufacturing data, Estimating and Costing for the Metal Manufacturing Industries: outlines professional societies and publications dealing with cost estimating and cost analysis; details the four basic metalworking processes - machining, casting, forming, and joining; reveals five techniques for capital cost estimating, including the new AACE International's Recommended Practice 16R-90 and the new knowledge and experience method; discusses the effect of scrap rates and operation costs upon unit costs; offers four formula methods for conceptual cost estimating and examines material-design-cost relationships; describes cost indexes, cost capacity factors, multiple-improvement curves, and facility cost estimation techniques; offers a generalized metal cutting economics model for comparison with traditional economic models; and more.;Estimating and Costing for the Metal Manufacturing Industries serves as an on-the-job, single-source reference for cost, manufacturing, and industrial engineers and as a text for upper-level undergraduate, graduate, and postgraduate students in cost estimating, engineering economics, and production operations courses.;A Solutions manual to the end-of-chapter problems is available free of charge to instructors only. Requests for the manual must be made on official school stationery.

Life Cycle Costing

Author: Balbir S. Dhillon
Publisher: Psychology Press
ISBN: 9782881243028
Format: PDF, ePub
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Product acquisition involves an examination of the support cost of major equipment over its total life years. Depending on the type of equipment, support costs may range from 10 to 100 times the cost of acquisition. "Life Cycle Costing: Techniques, Models and Applications" offers a comprehensive approach to the entire field, and treats it in such a way that the reader requires no previous knowledge to understand the contents. It covers all advances and recent progress in life cycle costing from its history and definitions to current approaches. It is fully referenced for deeper study in any specific area (there are over 1150 references with an appendix) and contains more than 50 examples with their solutions. Subjects covered include reliability improvement warranty, computer hardware and software costing, vehicles life cycle costing, reliability engineering, life cycle costing in the aircraft industry, and processing systems costing. This work is intended for all engineers and senior students of engineering or business administration, administrators, cost analysts, researchers, academics, and anyone involved with equipment procurement.

Estimating for Building and Civil Engineering Works

Author: Spence Geddes
Publisher: Routledge
ISBN: 0750627972
Format: PDF, Docs
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It deals in a practical and reasonable way with many of the estimating problems which can arise where building and civil engineering works are carried out and to include comprehensive estimating data within the guidelines of good practice. The early part of the book has been completely rewritten to contain chapters useful to students and practitioners alike for the development of the estimating process resulting in the presentation of a tender for construction works. The second and major part of the book contains estimating data fully updated for the major elements in building and civil engineering work, including a new chapter on piling, and a wealth of constants for practical use in estimating. The estimating examples are based on the current edition of the Standard Method of Measurement for Building Works (SMM7). The comprehensive information on basic principles of estimating found in 'Spence Geddes' are still as valid today as the first edition. In this edition the prevailing rates of labour and costs of materials are taken whenever possible as a round figure. Readers will appreciate in the construction industry that prices are continually changing, rise and fall, and that worked examples should therefore be used as a guide to method of calculation substituting in any specific case the current rates applicable to it. In the case of plant output dramatic increases have been experienced in productivity over recent years and again estimators with their own records should substitute values appropriate to their work. Comprehensive treatise on estimating Unique wealth of estimating data Fully updated based on SMM7