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Presents an accessible approach to the cost estimation tools, concepts, and techniques needed to support analytical and cost decisionsWritten 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 decisionsMultiple questions at the end of each chapter to help readers obtain a deeper understanding of the discussed methods and techniquesAn overview of the software used in cost estimation, as well as an introduction to the application of risk and uncertainty analysisA 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 environmentCost 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.
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1 354 kr
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Provides a practical guide to cost estimation tools, methods, and applications across complex projects Cost estimation plays a pivotal role in informing investment and resource allocation decisions in government, industrial, and military projects. With increasingly complex systems, high-risk environments, and growing demands for accountability, the ability to develop accurate and justifiable cost models is critical. Cost Estimation: Methods and Tools is an essential, up-to-date introduction to the quantitative techniques that underpin effective cost analysis, ensuring readers gain both theoretical understanding and practical application skills. This thoroughly revised second edition reflects the latest changes in regulations, directives, and reporting practices. It delivers clear, practical explanations of core cost estimation techniques, including regression analysis, inflation indices, learning curves, cost factors, and wrap rates. New coverage of Agile software methods highlights emerging practices and evolving needs across the field. The book equips readers to address the full spectrum of cost challenges—from research and development to production, deployment, operations and support, and finally disposal. Combining methodological rigor and applied insight, the second edition of Cost Estimation: Explains fundamental cost estimation techniques through accessible, step-by-step examplesIncorporates a “deeper dive” into data normalization and regression analysisFeatures numerous worked examples and end-of-chapter problem sets to reinforce comprehensionHighlights the use of cost models in risk assessment and uncertainty analysisIntroduces historical context and key terminology to build a solid foundation in cost estimationIncludes updated examples that reflect real-world applications across both defense and industry sectors along with a real-world cost case study.Written by experienced practitioners and educators, Cost Estimation: Methods and Tools, Second Edition is ideal for graduate students in Operations Research, Industrial Engineering, Systems Engineering, and Cost Estimation, particularly in courses such as Cost Estimating and Analysis or Engineering Economics. It is equally valuable as a reference for professional cost estimators, analysts, and decision makers working in government, defense, and industry.