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Cost Estimating in Design Economics by hanie_blueberry is a document available to read on EtoBox.

What is Cost Estimating in Design Economics about?

This document discusses various cost concepts and approaches used in cost estimating. It covers topics like: - The purposes of cost estimating including setting prices, evaluating profitability, and benchmarking. - Top-down and bottom-up approaches to cost estimating. Top-down uses historical data while bottom-up breaks costs into small units. - Definitions of fixed, variable, and incremental costs and how they are affected by activity levels. - Differences between cash, book, sunk, and opportunity costs.

Author

hanie_blueberry

Language

EN