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Mail S. Kellogg

**Be able to use the Cost Estimating Relationship method to determine the
cost C _{pc} of a process for a given parameter. **

**Given a
set of data, be able to use Test 1 or Test 2 to determine if the time data is
relatively constant or should be treated as variable data.**

**Be able to use the power law and sizing (with or
without inflation) to estimate the cost of a new facility or piece of
equipment. **

**Given appropriate data, cost indexes, and factor
curves, be able to use the factor method to estimate the cost of a new facility.**

Be able to use planned speed and reference speed and tool life to estimate the tool life equation.

Be able to set up the total processing time and/or cost equations to estimate cost per part.

Given a total processing time, be able to calculate the cutting speed to minimize total processing time.

~~Given a cost equation, be able to calculate the cutting speed to minimize cost per part. ~~

**Be
able to use the Bill of Materials chart and/or table to estimate a unit cost for
an item.**

**Be able to use the productive hour
cost method to determine a unit cost for an item.**