100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Cost Estimation Models with solved examples $5.49   Add to cart

Exam (elaborations)

Cost Estimation Models with solved examples

 9 views  0 purchase
  • Course
  • Institution

These notes provide an in-depth exploration of the different types of cost estimation models, the reasons why cost estimation is crucial, and various approaches to estimating costs. Each model is illustrated with solved examples, helping to clarify the application of different methods in real scena...

[Show more]

Preview 3 out of 25  pages

  • August 17, 2024
  • 25
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
ENGINEERING COSTS
CONCEPTS
AND
COST ESTIMATING
MODELS
• Engineering Economy, William G. Sullivan, Elin M. Wicks, C.
Patrick Koelling; chapter 2 & 3
• Engineering Economic Analysis, Donald G. Newnan, Ted G.
Eschenbach, Jermo P. Lavelle; chapter 2

, Why do we estimate cost?

Estimating the future cash flows
for feasible alternatives is a
critical step in engineering
economy studies. Estimating
costs, revenues, useful lives,
residual value, and other
pertinent data can be the study's
most difficult, expensive, and
time-consuming part.

, COST ESTIMATION APPROACHES
There are two fundamental approaches to cost
estimation:
The “Top-
Down” The
approach – “Bottom-Up”
when approach –
historical when no
data is historical
available. data is
available.
3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller maheenali1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82191 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.49
  • (0)
  Add to cart