Cost Estimation Function- importance of estimation -purpose of estimation- types of costs- types of estimates- Break-even Analysis
Methods & Control For Cost Estimation-cost request from marketing, product engineering, and manufacturing engineering. Estimating methods-controlling estimate deviations
Estimating Procedure- part analysis - preliminary manufacturing plan-total manufacturing & selling price
Estimation Of Fabrication Cost- estimating welding, forging and plastic parts costs-
Estimation Of Machining Cost-Estimating machining costs - capital cost and inventory criteria - common criteria for comparing economic alternatives - cost - benefit analysis.
REFERENCES
Naran and Kumar, "Production and Costing", Khanna publishers, New Delhi, 1978.
Buffa, "Modern Production & Operations Management", John wiley and sons, 1983.
Ivan R.Vounon, “Realistic cost estimating or manufacturing”, Society of manufacturing engineers, USA.
