COURSE SUMMARY
Course Title: 
Product Cost Estimation
Course Code: 
15MEC272
Year Taught: 
2015
2016
2017
2018
Type: 
Elective
Degree: 
Undergraduate (UG)
School: 
School of Engineering
Campus: 
Bengaluru
Chennai
Coimbatore
Amritapuri

'Product Cost Estimation' is a course offered in the B. Tech. in Mechanical Engineering program at School of Engineering, Amrita Vishwa Vidyapeetham.

Unit 1

Cost estimation: Importance and aims of cost estimation - functions of estimation - difference between estimating and costing - importance of preparing realistic estimates - estimating procedure.

Elements of cost, Objectives - elements of costs - ladder of cost - determination of material cost - labour cost - expenses.

Unit 2

Analysis of overhead expenses, Distribution of overhead costs – depreciation - causes of depreciation - methods of calculating depreciation.

Estimation of machining time, Calculation of machining time for lathe operationsestimation of drilling time on drilling machine - estimation of time for shaping, planning, milling and grinding.

Unit 3

Costing for metal forming and fabrication processes, Estimation of cost in weldingestimation in forging shop - cost estimation of foundry work.

  • Banga T. R. and Sharma S. C. - ‘Mechanical Estimating and Costing including Contracting” - Khanna Publishers - 2011
  • O. P. Khanna - ‘Mechanical Estimating and Costing’ – Dhanpat Rai Publishers - 1999
  • Narang G. B. S and Kumar V. - ‘Production and Costing’ - Khanna Publishers - 2004
  • Adithan M. and Pabla B. S. - ‘Production Engineering Estimating and Costing’ - Konark Publishers (P) Ltd. - 1998