Systems Life Cycle Costing Economic Analysis, Estimation, and Management

• Main Author: Farr, John V (Author)
• Format: Book
• Language: English
• Published: Boca Raton, FL CRC Press 2011
• Series: Engineering management book series
• Subjects: Engineering economy; Life cycle costing; Systems engineering > Cost effectiveness
• Online Access: Click Here to View Status and Holdings.

 Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management.