Strategic Cost Fundamentals

Fundamental Terms and Concepts.- Financial Statements and the Purcell Diagram.- Costs and Cost Estimating.- Breakeven Analysis.- Earned Value Management.- Fundamental Definitions, Terms, and Concepts for Technical Economic Evaluations.- Basic Mathematical Relationships for Economic Calculations.- Basic Economic Factors and Equations.- Gradient Economic Factors and Equations.- Depreciation Terms, Methods, and Systems.- The Impact of Loans upon Cash Flows, Taxes, and Profits.- Basic Project Evaluation Techniques.- Advanced Project Evaluation Techniques.- Introduction to Risk Analysis.- Risk Analysis with Probability Considerations.- Author's Biography.

Dr. Robert C. Creese, Certified Cost Engineer (CCE), is Professor of Industrial and Management Systems Engineering at West Virginia University, USA and recently has taught courses on Engineering Economy, Advanced Engineering Economics, Cost and Estimating for Manufacturing, Manufacturing Processes and Advanced Manufacturing Processes. He has previously taught at The Pennsylvania State University (9 years), Grove City College (4 years), Aalborg University in Denmark (3 sabbaticals) and at West Virginia University for over 31 years. He is a Fellow of the Association for the Advancement of Cost Engineering, International (AACEI), received the Charles V. Keane Service Award and Brian D. Dunfield Educational Service Award presented by AACE, and has been treasurer of the Northern West Virginia Section of AACE for more than 20 years. He is a Life Member of AACE International, ASEE (American Society for Engineering Education) and ASM (American Society for Materials). He also is a member of ISPA, SCEA, AIST, AWS, and AFS. He obtained his B.S. Degree in Industrial Engineering from the Pennsylvania State University, his M.S. Degree in Industrial Engineering from the University of California at Berkeley, and his Ph.D. Degree in Metallurgy from the Pennsylvania State University. He has authored the book Introduction to Manufacturing Processes and Materials (Marcel Dekker, 1999) and co-authored two books Estimating and Costing for the Metal Manufacturing Industries (Marcel Dekker, 1992) with Dr. M. Adithan of VIT University Vellore, India and Dr. B. S. Pabla of the Technical Teachers' Training Institute, Chandigarh, India and Strategic Cost Analysis for Project Managers and Engineers (New Age International Publishers, 2010) with Dr. M. Adithan, VIT University, Vellore, India. He has authored and co-authored more than 100 technical papers.