The basic purpose of this book is to introduce the subject in an integrated manner to the students of Mechanical and Production Engineering. Process planning ,cost estimation and costing are the most critical factors for the continued success of a manufacturing enterprise. It is well known that the world is an international market place and if a manufacturing company wants to be globally competitive, process planning must be logical, rational, economical. Moreover costs of products, subassemblies and components must be accurately estimated .In order to secure business, to correctly determine the profitability of the various products manufactured, its costing must also be accurate. This book provides an introduction to process planning, costing system and cost estimating relationships for manufacturing and also provides the types of basic relationships used for costing and cost estimating and illustrates how they can be applied. It is essential that mechanical and production engineers play a leading role in the determination of cost estimates and that they should work with professional cost accountants to obtain realistic cost estimates. This book is an attempt towards this direction.

Work Study and Ergonomics
Process Planning
Introduction to Cost Estimation
Cost Estimation
Production Cost Estimation

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.

Salient features of this new edition are the inclusion of chapters on: Value Analysis, Value Engineering, Business Process Re-engineering, Concurrent Engineering, World Class Manufacturing and Internet-Based Manufacturing which reflects the modern trends in the global manufacturing arena. With increasing internationalization and globalization of manufacturing operations worldwide, these topics of study in Mechanical Engineering, Production Engineering and Manufacturing Engineering programmes are important and quite relevant.

Another noteworthy feature is the addition of glossary of terms and a large number of evaluative questions to access the learning outcomes of the students.