Be able to use the Cost Estimating Relationship method to determine the cost Cpc 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.
Given two data points for a production time on the n and n+k units, be able to estimate the value of k and s learning curve.
Given a learning curve function, estimate the time it will take to produce the kth unit in a production process.
Be able to use the learning curve
model to adjust for engineering change orders.
Given an operations sheet, design length, cut length, facing length, and cost data, be able to compute the cost per unit for a given lot size.
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.