Why Cost Estimation? Critically important part of system design Too high – lose the contract award Too low – over-run cost plus contracts, company loss on fixed price contracts

Introduction Cost-benefit analysis is a set of practical procedures for guiding public expenditure decisions

Uniqueness of Satellite Manufacture Small production runs Extreme operational environments Limited repair/replace options after launch High product cost and importance High cost test environment Highly coupled designs minimize weight and maximize performance but yield high complexity

▪ Content: • Definitions • Properties of cost function • WACM • Some forms of cost functions

▪ Content: • Definitions • Properties of cost function • WACM • Some forms of cost functions

where, R(Qi) is the revenue function and C(Qi) is the cost function of firm i. For profit maximisation the derivative of profit is zero, which amounts to saying that the derivative of revenue is equal to the derivative of cost: MRi

How Important Is Cost? Reagents obviously figure into the cost of a procedure, but the labor required to produce and apply the reagents of purification should also be considered. How Important Is Reproducibility (Robustness) of the Procedure?

Lesson Notes Lesson 7 Merchandise Inventories and Cost of Sales Learning Objectives 1. Identify the items included in merchandise inventory 2. Identify the costs of merchandise inventory. 3. Compute the cost of goods sold and ending merchandise inventory in a perpetual system using the costing methods of specific

一、数据集合 Measurements of items e.g., Yearly sales volume for your 23 salespeople e.g., Cost and number produced, daily, for the past month 二、基本单元 The items being measured e.g., Salespeople, Days, Companies, Catalogs, . 三、变量 The type of measurement being done e.g., Sales volume, Cost, Productivity, Number of defects

Chapter Objective: This chapter discusses the cost of capital for the multinational firm