88. Product Cost Analysis and Estimating

  1. Gavriel Salvendy Ph.D. professor founding editor founding chair member scientist Honorary Doctrate Fellow
  1. Phillip F. Ostwald Professor Emeritus

Published Online: 5 DEC 2007

DOI: 10.1002/9780470172339.ch88

Handbook of Industrial Engineering: Technology and Operations Management, Third Edition

Handbook of Industrial Engineering: Technology and Operations Management, Third Edition

How to Cite

Ostwald, P. F. (2001) Product Cost Analysis and Estimating, in Handbook of Industrial Engineering: Technology and Operations Management, Third Edition (ed G. Salvendy), John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470172339.ch88

Editor Information

  1. School of Industrial Engineering, Purdue University, West Lafayette, Indiana, USA

Author Information

  1. Mechanical and Industrial Engineering, University of Colorado at Boulder, Boulder, Colarado, USA

Publication History

  1. Published Online: 5 DEC 2007
  2. Published Print: 11 MAY 2001

ISBN Information

Print ISBN: 9780471330578

Online ISBN: 9780470172339

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Keywords:

  • cost estimates to make intelligent decisions;
  • selling price determination;
  • measure of want in product estimate;
  • product cost analysis and estimating;
  • labor operation designs

Summary

This chapter contains sections titled:

  • Estimating: It Happens all the Time

  • Why Estimates of Cost are Made

  • Measures of Economic Want

  • Request for Estimate

  • Preliminary and Detailed Methods

  • Labor Analysis

  • Material Analysis

  • Need for Accounting Data

  • Forecasting

  • Indexes

  • Operations Estimating for Manufacturing

  • Product Estimating

  • Bill of Material Explosion for Product Estimates

  • Computers and Estimating

  • Conclusion

  • Reference

  • Additional Reading