IE 313: MANUFACTURING ECONOMICS
Year 1431-32 Semester 1
The course is aiming at giving the student an ample background in cost analysis and estimating. This includes the understanding and the application of the labor cost analysis, the material cost analysis, in addition to, the operation cost estimating and product cost estimating. The applied nature of the course gives students better insight into design and manufacturing problems from economic point of view.
“Cost Analysis and Estimating for Engineering and Management”, Ostwald, p. and McLaren, T., 2004. Publisher: Pearson Prentice hall.
The importance of the production cost analysis and estimating.
- Labor cost analysis.
- Material cost analysis.
- Overhead cost estimating.
- Operation cost estimating.
- Product cost estimating and pricing.
- 10% Attendence and Quiz
- 10% Lecturer
- 20% First midterm Exam
- 20% Second midterm Exam
40% Final Exam