Process Planning and Cost Estimation

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The main objective of this book is to introduce the subject “Process Planning and Cost Estimation“ in an integrated manner to the students of Mechanical Engineering and Production Engineering classes.

Process Planning, Cost Estimation and Costing are the critical factors for the continued success of manufacturing enterprises. The world is an international market place. For a manufacturing company to be competitive in the international market place, process planning must be logical, rational, economical and costs of products, sub-assemblies and components must be accurately estimated, in order to secure business; its costing must also be accurate, to correctly determine the profitability of the various products manufactured. Our engineering students are required to learn these concepts in the early stages of their professional career so that they become aware of the cost implications of any decision: engineering, technology or management, they take.

It is essential that Mechanical Engineers and Production Engineers play a leading role in the determination of cost estimates and that they work with professional Cost Accountants to obtain realistic cost estimates. This book is an attempt towards this direction.

A special feature of this textbook is that it contains information on conceptual cost estimating and other modern methods of cost estimating. Numerous Examples/Problems, Evaluative Questions and Model Question Papers are added features of this book.

ABOUT THE AUTHOR M Adithan

M. Adithan was a Professor and Head, Department of Mechanical Engineering at Technical Teacher's Training Institute, Chandigarh. He has also been a Visiting Professor in Manufacturing Engineering and Engineering Technology at Brigham Young University, Provo, Utah, USA. He was an UNESCO Fellow at Ohio state University, Columbus, Ohio, USA. He was also a Visiting Professor at University of Technology, Malaysia. He did his B.E. (Hons.) (Mechanical Engineering) and M.Sc. Production Engineering from College o Engineering, Guindy, University of Madras, and Ph.D. (Mechanical Engineering) from Indian Institute of Technology, Madra. He has published a number of research papers in national and international journals and is a co-author of several textbooks and other instructional materials. Presently he is Professor in Mechanical Engineering and Dean at Vellore Institute of Technology, Deemed University, Vellore, Tamilnadu.