Process Planning And Cost Estimation

This comprehensive text is primarily designed for BE/BTech students of mechanical engineering, manufacturing engineering, and production engineering. This text consists of 11 chapters covering concepts and techniques of process planning and cost estimation. The text is supported by well-labelled diagrams and case studies. The book contains solved problems that facilitates students to understand the concepts quickly. At the end of each chapter, theoretical questions and applicable numerical problems are given to test the understanding of the readers. Key features • Includes classification and coding systems with fitting examples • Contains a complete account of work study • Provides detailed coverage of process planning • Gives formulas of mensuration for material cost estimation • Introduces different manufacturing processes in relevant chapters

Process Planning covers the selection of processes, equipment, tooling and the sequencing of operations required to transform a chosen raw material into a finished product. Initial chapters review materials and processes for manufacturing and are followed by chapters detailing the core activities involved in process planning, from drawing interpretation to preparing the final process plan. The concept of maximising or 'adding value' runs throughout the book and is supported with activities. Designed as a teaching and learning resource, each chapter begins with learning objectives, explores the theory behind process planning, and sets it in a 'real-life' context through the use of case studies and examples. Furthermore, the questions in the book develop the problem-solving skills of the reader. ISO standards are used throughout the book (these are cross-referenced to corresponding British standards). This is a core textbook, aimed at undergraduate students of manufacturing engineering, mechanical engineering with manufacturing options and materials science. Features numerous case studies and examples from industry to help provide an easy guide to a complex subject Fills a gap in the market for which there are currently no suitable texts Learning aims and objectives are provided at the beginning of each chapter - a user-friendly method to consolidate learning

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.

Don't become a statistic--take control of your software projects and plan for success! Success in all types of organization depends increasingly on the development of customized software solutions, yet more than half of software projects now in the works will exceed both their schedules and their budgets by more than 50%. While some types of overruns remain unpredictable, most can be avoided by sound modeling. COCOMO II provides you with a thorough rework of the classic COCOMO model to address modern software processes and construction techniques along with representative examples of applying the models to key software decision situations. It was calibrated and validated using innovative statistical techniques to fit both expert judgment and 161 carefully collected project data points. The book also introduces emerging COCOMO II extensions for cost and schedule estimation of COTS integration and rapid development. You'll also: Learn firsthand from knowledgeable authors--over 100 person-years of software cost estimation experience Make better software decisions by exploring their cost implications Use the cost and schedule estimates to better plan and control your projects and manage your risks Get started now with the software on the accompanying CD Keep up to date with the authors' Web site Software engineers, managers, and students will all find Software Cost Estimation with COCOMO II an invaluable guide to developing and managing successful software projects on time and under budget. About the CD-ROM The accompanying CD-ROM includes a current copy of COCOMO II, along with demonstration versions of three commercial COCOMO II packages and an extensive documentation suite. All examples from the book are provided live, so you can work them hands on, along with the reading.

Agile Estimating and Planning is the definitive, practical guide to estimating and planning agile projects. In this book, Agile Alliance cofounder Mike Cohn discusses the philosophy of agile estimating and planning and shows you exactly how to get the job done, with real-world examples and case studies. Concepts are clearly illustrated and readers are guided, step by step, toward how to answer the following questions: What will we build? How big will it be? When must it be done? How much can I really complete by then? You will first learn what makes a good plan-and then what makes it agile. Using the techniques in Agile Estimating and Planning, you can stay agile from start to finish, saving time, conserving resources, and accomplishing more. Highlights include: Why conventional prescriptive planning fails and why agile planning works How to estimate feature size using story points and ideal days–and when to use each How and when to re-estimate How to prioritize features using both financial and nonfinancial approaches How to split large features into smaller, more manageable ones How to plan iterations and predict your team's initial rate of progress How to schedule projects that have unusually high uncertainty or schedule-related risk How to estimate projects that will be worked on by multiple teams Agile Estimating and Planning supports any agile, semiagile, or iterative process, including Scrum, XP, Feature-Driven Development, Crystal, Adaptive Software Development, DSDM, Unified Process, and many more. It will be an indispensable resource for every development manager, team leader, and team member.

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.