New product strategy, market definition - idea generation - design process - forecasting sales potential - product engineering, manufacturing planning - selection of economical process - standardisation - implification – specialization - break even analysis.
Value engineering – evaluation of function determining function - classifying function - evaluation of costs - evaluation of worth - determining worth - evaluation of value - value engineering.
Job plan information phase - speculation phase - analysis phase - development phase - presentation phase - implementation phase - follow up phase - fast diagramming - cost models - life cycle costs.
Cost accounting - cost estimation
Cost calculations for machined components, welding, casting and forging components - calculation of selling price - activity based cost analysis.
REFERENCES
1) Samual Eilon, “Elements of Production Planning and Control”,Universal Book Co, 1984
2) Miles L.D, “Techniques of Value Engineering and Analysis”, McGrawHill, 1972.
3) Narang, C.B.S and Kumar V, “Production and Costing”, Khanna publishers ,1983.
