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Cost Estimation: Methods and Tools (Wiley Series in Operations Research and Management Science)
Ebook Download Cost Estimation: Methods and Tools (Wiley Series in Operations Research and Management Science)
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Review
"This book is a manual of how to effectively internally manage a company, and maximise operational external efficiency of a contractor. On this basis it is essential reading for anyone in a decision-taking role, even if only a relatively minor role in bringing productions to market." (Chromatographia 2016)
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From the Back Cover
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 the 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 introducing the application of risk and uncertainty analysis A Foreword from Dr. Douglas A. Brook, a professor from 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. Gregory K. Mislick is Senior Lecturer in the Department of Operations Research and Program Manager for the Masters Degree Program in Cost Estimating and Analysis at the Naval Postgraduate School (NPS). A retired U.S. Marine Corps Lieutenant Colonel aviator and past associate dean of the Graduate School of Operational and Information Sciences at NPS, his research interests includes life cycle cost estimating and modeling, probability and statistics, regression analysis, learning curves, and optimization. Daniel A. Nussbaum, PhD, is Visiting Professor in the Department of Operations Research at the Naval Postgraduate School in Monterey, California. With over 30 years of professional experience providing financial estimating and analysis services to senior levels of the U.S. Federal government, Dr. Nussbaum's research interests includes cost/benefit analyses, life cycle cost estimating and modeling, and financial modeling.
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Product details
Series: Wiley Series in Operations Research and Management Science
Hardcover: 344 pages
Publisher: Wiley; 1 edition (May 4, 2015)
Language: English
ISBN-10: 1118536134
ISBN-13: 978-1118536131
Product Dimensions:
6.5 x 1.1 x 9.5 inches
Shipping Weight: 1.3 pounds (View shipping rates and policies)
Average Customer Review:
3.8 out of 5 stars
6 customer reviews
Amazon Best Sellers Rank:
#135,009 in Books (See Top 100 in Books)
Excellent book. Easy to read format and very thorough if you are interested in cost estimation you will enjoy it
The other reviewer is right, the FONT IS TINY!!! That being said, the book is written by the experts. You aren't going to find better material anywhere and it's relatively easy to understand.
Content looks superb, ideal for project managers with a technical bent. However, the book is printed in the smallest font I've ever encountered. Some of the diagrams are indecipherable to the naked eye, while subscripts and superscripts are a challenge. After an hour with a magnifying glass in hand, I gave up and returned the book for a refund.
A great book. Very practical, theory only when required, relevant examples. The book is also fun to read.
The content is quite informative and easy to comprehend. Both authors analyze the cost estimation process that normally takes place in the DoD and the public sector in general, but the ideas could also be implemented in the private sector. The Font problem was also solved. Really enjoyed reading it. Totally recommend it.
Font issue resolved! I met the authors in September 2015 at the DOD Cost Analysis Symposium, and ever since the book was released, they had complained to the publishers to fix/increase the font, and they have now done so. The second printing was released early this month and indeed the font size is increased and improved. As for the book, I found it to be well written and very valuable. I have it on my shelf at work!
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