Automation will substantially disrupt markets throughout the economy in the coming decade, ranging from the construction industry to financial services. By understanding how technological changes will impact these markets, businesses can take advantage of the situation.
Cost Engineering and Pricing in Autonomous Manufacturing Systems demonstrates how businesses facing such technological change can provide visibility to pricing sensitivity in order to maximize price, and profit, in every transaction. The book pulls together the many elements of cost engineering; cost estimation, cost control, business planning and management, profitability analysis, cost risk analysis and project management, planning, and scheduling, and considers the many different approaches and methods for estimating or assessing costs. It aims to help companies with decision making, cost management, and budgeting with respect to product development, and highlights the importance of cost estimation during the early stages of product development. A discussion of appropriate pricing models is also included to determine the most effective course for handling operational costs in autonomous manufacturing systems in order to create a more productive and profitable system.
The book will prove helpful to researchers and students, as well as industrial practitioners interested in applied models which can be employed and implemented in real cases.
