The most effective way to generate an estimate of a new product’s cost engineering change cost, or innovation cost is through a detailed cost investigation. Analysis of the available materials and processes leads to the most economical and financial decisions. Now in its third edition, Realistic Cost Estimating for Manufacturing has been used by students and practitioners since 1968 in this endeavor. Revised and expanded, the book recognizes the extremely important role estimating is playing in today’s highly competitive global economy. Realistic Cost Estimating for Manufacturing provides a survey of the myriad manufacturing processes and practices and combines this with in-depth explanations and examples of costing methods and tools. A comprehensive, standardized approach to their application is given. Among the manufacturing processes surveyed are: machining, casting, stamping, forging, welding, plastics technology, finishing, and rapid prototyping. To develop realistic baseline estimates, an engineering or costing professional must have an in-depth understanding of costing methods and techniques. As a fundamental reference, the book provides insight into the art, science, and functions of cost estimation in a wide range of activities: product design and manufacturing, engineering change control, proposal development, make or buy studies, identifying cost reduction opportunities, component costing, reverse engineering, benchmarking, and examining alternative processes, materials, machines, and tooling. As examples, it will aid the practitioner in efforts to justify the replacement or improvement of existing technology with new creative solutions; perform a feasibility study; develop a basis for cost-oriented decision support; improve supply chain evaluation and sourcing analysis; and minimize costs. The third edition has been greatly enhanced with new chapters and material dedicated to the roles of economics and finance, cost reduction, continuous improvement, plastic parts, electronics cost estimating, costing studies, advanced manufacturing processes, and quality costs. Further, the existing chapters have been significantly expanded to include new processes and operations and examples to enhance learning. Since nontraditional technology is widely applied in manufacturing, its costing aspects are also explored. Five Appendices provide additional information on productivity based on efficiency, cost reduction, matching part features to manufacturing processes, packaging cost, and inspection and measurement costs. As with its previous editions, instructors of cost estimating courses can rely on the book to provide a solid foundation for manufacturing engineering courses and programs of study. The book is also useful for on-the-job training courses for engineers, managers, estimators, designers, and practitioners. It can be applied in seminars and workshops specifically dedicated to product or component cost reduction, alternative cost analysis, engineering change cost control, or proposal development. As in the previous editions, there are multiple equations and calculation examples, as well as end-of-chapter questions to test student’s knowledge. An instructor’s guide is also available.

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.

This book contains material on the use of software, organization strategies in cost estimating, new types of costs, learning curves, and much more. Topics presented include manufacturing costs, standard vs. actual costs, cost in relation to product volume, analysis, types of estimates, cost estimating controls, cost requests from other departments, evaluating supplier quotes, calculating selling prices, and much more.

Now in its eleventh edition, DeGarmo's Materials and Processes in Manufacturing has been a market-leading text on manufacturing and manufacturing processes courses for more than fifty years. Authors J T. Black and Ron Kohser have continued this book's long and distinguished tradition of exceedingly clear presentation and highly practical approach to materials and processes, presenting mathematical models and analytical equations only when they enhance the basic understanding of the material. Completely revised and updated to reflect all current practices, standards, and materials, the eleventh edition has new coverage of additive manufacturing, lean engineering, and processes related to ceramics, polymers, and plastics.

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.

In today’s hyper-competitive, global marketplace, a manufacturing company needs a competitive edge if it is to survive and grow. That edge could be anything from superior manufacturing technology to innovative product design; from patent protection to solid, well-established customer relationships. One competitive edge available to all manufacturers, but realized by only a few, is the ability to accurately measure, control, and optimize costs throughout a product’s entire life cycle. The lack of a methodology to engineer cost optimization into every product makes attaining and maintaining profitability all that the more difficult. Cost Engineering provides a means for a manufacturer to achieve and sustain profitability by designing and manufacturing products to specific cost requirements. It incorporates a variety of proven methodologies including cost estimating, cost control, and cost optimization. Features: Describes the components and organization of an effective cost optimization process Provides detailed explanations of cost estimating techniques for many of the most common manufacturing processes Explains the selection and use of appropriate cost allocation methods Presents the fundamentals of cost-based negotiation Includes both proper and improper executions of cost engineering principles The details presented in this book are important to design engineers, manufacturing engineers, buyers, accountants, cost estimators, cost optimization specialists, and their managers and provides CEOs, COOs, general managers, product line managers, and plant managers with guidance on improving and sustaining profitability. .