For undergraduate or graduate courses in Cost Estimating in engineering, management, and technology settings. This popular text provides the latest principles and techniques for the evaluation of engineering design. The emphasis is on analysis and estimating, with loads of material new to this fourth edition. It analyzes labour, material, accounting, and forecasting; then the theme of estimating is developed, with a study of methods, operations, and products. Included in this new edition is a chapter that introduces principles that deal with bringing inventions to the marketplace. A versatile and extremely usable text, chapter order can be adjusted and some chapters can be excluded, depending on student preparation and course objectives. - New chapters on cost analysis - Includes information on the new income tax laws and their influence on accounting documents. - Provides students with motivation by condensing some material and concentrating on newer subjects, such as the importance of commodities, and gives a new understanding of worksheet calculations. - Reorganized material - Recognizes the shift to types of product and operation estimating.
- Gives students newer approaches for their enterprises. - Modern estimating approach - Provided in this text for the first time, activity-based costing is presented. - Provides students with the only textbook on the market that provides this important new concept. - Introduction of break even analysis - Considers several cases. - Gives students extensive examples for ease of learning. - Focus on the Engineering Economy - Reduced to one chapter, this topic is now summarized. - Provides students with an easily accessible chapter on this important topic. - The Enterprise, Entrepreneurship, and Imaginamachina - Emphasizes the evaluation of new innovations and invention. - Enables students to learn the analysis necessary for enterprise planning. - The leading text of its field - Provides excellent pedagogy and background. - Gives students a first-rate book in the field of cost analysis and estimating for engineering and management. - Comprehensive and current. - Provides students with the current practices of engineering. - Practical applications - Takes the student out of the classroom, library, and college.