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Preface | p. xv |
Importance | p. 1 |
Engineering and Design | p. 1 |
Economic Evaluation | p. 7 |
Who Uses Economic Evaluation? | p. 8 |
Reasons for Economic Evaluation | p. 9 |
Strategies for the Enterprise | p. 10 |
Traditional Business | p. 13 |
High-Tech Business | p. 13 |
Information | p. 15 |
Domestic and International Business | p. 16 |
International System of Units | p. 19 |
A Look at the Book | p. 21 |
Summary | p. 23 |
Questions for Discussion | p. 24 |
Problems | p. 24 |
Challenge Problems | p. 26 |
Practical Application | p. 27 |
Case Study: Professor Jairo Munoz | p. 28 |
Labor Analysis | p. 29 |
Background | p. 29 |
The Mythical Man-Hour | p. 36 |
Time | p. 36 |
Ergonomics | p. 37 |
Fundamentals of Time Study | p. 37 |
Fundamentals of Work Sampling | p. 46 |
Labor-Hour Reports | p. 52 |
Other Methods for Determining Time | p. 54 |
Wage and Fringe Rates | p. 57 |
Wage-Only Method | p. 59 |
Gross Hourly Cost | p. 60 |
Joint Labor Cost (Optional) | p. 64 |
Learning | p. 66 |
Summary | p. 67 |
Questions for Discussion | p. 67 |
Problems | p. 68 |
Challenge Problems | p. 74 |
Practical Application | p. 75 |
Case Study: The Endicott Iron Foundry | p. 76 |
Material Analysis | p. 77 |
Background | p. 77 |
Material | p. 80 |
Shape | p. 83 |
Cost | p. 92 |
Material Cost Policies | p. 93 |
Specification | p. 93 |
Policies for Evaluating Commodity Materials | p. 96 |
Policies for Evaluating Contractual Materials | p. 96 |
Policies for Evaluating Material from Inventory | p. 97 |
Joint Material Cost (Optional) | p. 103 |
Summary | p. 108 |
Questions for Discussion | p. 109 |
Problems | p. 110 |
Challenge Problems | p. 116 |
Practical Application | p. 121 |
Case Study: Design for Runner System | p. 121 |
Accounting Analysis | p. 123 |
Business Transactions | p. 124 |
Conventions | p. 125 |
Chart of Accounts | p. 129 |
Structure of Accounts | p. 131 |
Understanding the Balance-Sheet Statement | p. 135 |
Understanding the Profit-and-Loss Statement | p. 136 |
Depreciation | p. 138 |
Background | p. 139 |
Purpose of Depreciation | p. 140 |
Property Classification for Depreciation Methods | p. 140 |
Methods of Calculating Annual Depreciation Amount | p. 141 |
Budgeting | p. 149 |
Types of Budgets and Relating Cost Accounts | p. 149 |
Budgets for Overhead Calculation | p. 151 |
Overhead | p. 154 |
Importance | p. 155 |
Traditional Methods | p. 155 |
Allocation Methods | p. 156 |
Methods of Direct Labor Hours and Dollars | p. 158 |
Productive Hour Cost Rate Principles | p. 160 |
Activity-Based Costing Principles | p. 163 |
Job and Process Accounting and Variance Procedures (Optional) | p. 164 |
Summary | p. 169 |
Questions for Discussion | p. 169 |
Problems | p. 170 |
Challenge Problems | p. 177 |
Practical Application | p. 180 |
Case Study: Machine Shop | p. 180 |
Forecasting | p. 185 |
Graphic Analysis of Facts | p. 185 |
Least-Squares and Regression (Optional) | p. 193 |
Least-Squares | p. 193 |
Confidence Limits for Average Values and Prediction Limits for Individual Values | p. 196 |
Curvilinear Regression and Transformation | p. 201 |
Correlation | p. 205 |
Multiple Linear Regression | p. 207 |
Time-Series Models (Optional) | p. 210 |
Cost Indexes | p. 215 |
Calculation, Interpretation, and Unintended Consequences | p. 221 |
Summary | p. 223 |
Questions for Discussion | p. 223 |
Problems | p. 224 |
Challenge Problems | p. 232 |
Practical Application | p. 235 |
Case Study: Forecasting Production Quantity and Budget Requirements for a Gas Engine | p. 235 |
Estimating Methods | p. 239 |
Estimating for the Enterprise | p. 239 |
Universal Methods | p. 242 |
Opinion | p. 242 |
Conference | p. 242 |
Comparison | p. 243 |
Unit | p. 245 |
Operation Methods | p. 247 |
Cost- and Time-Estimating Relationships | p. 247 |
Performance Time Data Algorithm | p. 249 |
Product Methods | p. 256 |
Learning | p. 256 |
Project Methods | p. 262 |
Power-Law-and-Sizing CERs | p. 262 |
Other CERs (Optional) | p. 264 |
Factor Method | p. 266 |
Advanced Approaches (Optional) | p. 273 |
Expected Value | p. 273 |
Range | p. 276 |
Percentile | p. 279 |
Monte Carlo Simulation | p. 281 |
Single-Value or Probability-Distribution Comparisons? | p. 284 |
Summary | p. 285 |
Questions for Discussion | p. 286 |
Problems | p. 287 |
Challenge Problems | p. 293 |
Practical Application | p. 296 |
Case Study: Industrial Process Plant Project Cost | p. 296 |
Operation Estimating | p. 297 |
Background | p. 298 |
Manufacturing: What It Is, What It Does, and What It Is Not | p. 300 |
Classic Operations Analysis (Option 1) | p. 304 |
Contemporary Operations Analysis (Option 2) | p. 312 |
Pinion Operation 10 | p. 320 |
Length of Cut Calculation | p. 321 |
Pinion Operation 20 | p. 323 |
Pinion Operation 30 | p. 324 |
Pinion Operation 40 | p. 327 |
Tool Cost | p. 329 |
Operation Cost | p. 334 |
Batch Manufacturing | p. 334 |
Flow-Line Manufacturing (Optional) | p. 335 |
Summary | p. 340 |
Questions for Discussion | p. 340 |
Problems | p. 341 |
Challenge Problems | p. 345 |
Practical Application | p. 349 |
Case Study: Estimating a Stainless-Steel Part | p. 349 |
Product Estimating | p. 351 |
Background | p. 351 |
Estimating Engineering Costs | p. 356 |
Information Required for Product Estimating | p. 358 |
Bill of Material (BOM) | p. 359 |
The Product Estimate | p. 361 |
Productive Hour Cost Model | p. 362 |
Activity-Based Costing Model (Optional) | p. 365 |
Learning Model (Optional) | p. 368 |
Extensions for Learning Model (Optional) | p. 371 |
Follow-On Production | p. 371 |
Engineering Change Order | p. 374 |
Break-Even Analysis | p. 377 |
Pricing Principles | p. 378 |
Opinion, Conference, and Comparison | p. 380 |
Markup on Cost | p. 380 |
Contribution | p. 382 |
Price-Estimating Relationships | p. 382 |
Basic Contract Types (Optional) | p. 384 |
Fixed-Price Arrangements | p. 385 |
Cost-Reimbursable Arrangements | p. 386 |
Benchmarking and Competitive Analysis | p. 387 |
Trends in Product Cost Estimating (Optional) | p. 394 |
Designing, Estimating, and Producing in a Global Economy | p. 394 |
Summary | p. 395 |
Questions for Discussion | p. 396 |
Problems | p. 397 |
Challenge Problems | p. 402 |
Practical Application | p. 405 |
Case Study: Unijunction Electronic Metronome | p. 406 |
Cost Analysis | p. 409 |
First Principles for Tradeoff Studies | p. 409 |
Cash Flow | p. 413 |
Taxation Effects on Cash Flow | p. 414 |
Inflation or Deflation Effects on Cash Flow | p. 416 |
Break-Even Models | p. 420 |
Linear Cost Case | p. 422 |
Semifixed Cost Case (Optional) | p. 426 |
Nonlinear Cost Case | p. 428 |
Life Cycle Cost (Optional) | p. 438 |
Summary | p. 444 |
Questions for Discussion | p. 445 |
Problems | p. 445 |
Challenge Problems | p. 452 |
Practical Application | p. 454 |
Case Study: Optimal Injection-Molding Tool Cost | p. 454 |
Engineering Economy | p. 457 |
Importance | p. 457 |
Average Annual Rate-of-Return Methods | p. 459 |
Payback-Period Method | p. 460 |
Time-Value-of-Money Methods | p. 462 |
Net-Present-Worth Method | p. 464 |
Net-Future-Worth Method | p. 465 |
Net-Equivalent-Annual-Worth Method | p. 465 |
Rate-of-Return Method | p. 466 |
Comparison of Methods | p. 468 |
Standard Approaches to Engineering-Economy Methods | p. 469 |
Advanced Applications (Optional) | p. 471 |
Contexts of "Interest" in Engineering Economy | p. 471 |
Minimum Attractive Rate of Return | p. 474 |
Comparison of Alternatives | p. 474 |
Replacement | p. 479 |
Taxation Effects of Engineering Projects | p. 484 |
Summary | p. 489 |
Questions for Discussion | p. 490 |
Problems | p. 490 |
Challenge Problems | p. 499 |
Practical Application | p. 500 |
Case Study: Seasonal Production | p. 500 |
The Enterprise, Entrepreneurship, and Imaginamachina | p. 503 |
The Enterprise | p. 504 |
Entrepreneurship | p. 505 |
Inventors and Innovators | p. 506 |
Designing for Profit | p. 508 |
Designing for Manufacture | p. 511 |
Self-Manufacture or Purchase? | p. 513 |
Enterprise Planning | p. 516 |
Assessment and Due Diligence | p. 522 |
Financing and Enterprise Funding (Optional) | p. 523 |
Raising Money | p. 523 |
Stock | p. 524 |
Debt | p. 527 |
Bonds | p. 528 |
Alliances | p. 532 |
Offering | p. 533 |
Legal Reminders (Optional) | p. 534 |
Ethics and Engineering | p. 535 |
Summary | p. 536 |
Questions for Discussion | p. 536 |
Problems | p. 537 |
Challenge Problems | p. 541 |
Practical Application | p. 545 |
Case Study: Round Plate Inc. | p. 545 |
Values of the Standard Normal Distribution Function | p. 549 |
Values of the Student t Distribution | p. 550 |
10% Interest Factors for Annual Compounding Interest | p. 551 |
20% Interest Factors for Annual Compounding Interest | p. 552 |
Values of Learning Theory | p. 553 |
Selected Answers | p. 555 |
Bibliography | p. 561 |
Index | p. 563 |
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The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.