Document Type
Thesis
Date of Award
12-31-1991
Degree Name
Master of Science in Manufacturing Engineering - (M.S.)
Department
Manufacturing Engineering Division
First Advisor
Steve Kotefski
Second Advisor
R. S. Sodhi
Third Advisor
Nouri Levy
Abstract
In this work, different cost estimating techniques in metal cutting industry were studied. A basic understanding of estimation concepts were given. The typical breakdown of total cost was also given and discussed in details. Practical applications of cost estimating is studied. The effect of different parameters which relate to the lot sizes or quantity were discussed. All these results show that total cost is minimum at a point which is called least cost point, after that cost increases because of the addition of extra resources, in terms of man, machine and increase in administrative expenses.
Recommended Citation
Hamid, Zubair, "Advanced manufacturing applications of cost estimating techniques for metal cutting industries" (1991). Theses. 2492.
https://digitalcommons.njit.edu/theses/2492
