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Cost estimation models are mathematical algorithms or parametric equations used to estimate the costs of a product or project. The results of the models are typically necessary to obtain approval to proceed, and are factored into business plans, budgets, and other financial planning and tracking mechanisms.
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
The SEER (Seasonal Energy Efficiency Ratio) rating of a unit is the cooling output during a typical cooling-season divided by the total electric energy input during the same period. The higher the unit's SEER rating the more energy efficient it is. smoke damper A damper or adjustable louver designed to augment the ventilation of a space during ...
DFMA (also sometimes rendered as DfMA) is an acronym for design for manufacture and assembly.DFMA is the combination of two methodologies; design for manufacture, which means the design for ease of manufacture of the parts that will form a product, and design for assembly, which means the design of the product for ease of assembly deriving creative ideas at the same time.
A coolant is a substance, typically liquid, that is used to reduce or regulate the temperature of a system. An ideal coolant has high thermal capacity, low viscosity, is low-cost, non-toxic, chemically inert and neither causes nor promotes corrosion of the cooling system. Some applications also require the coolant to be an electrical insulator.
The first engines relied on thermosiphon cooling alone, where hot coolant left the top of the engine block and passed to the radiator, where it was cooled before returning to the bottom of the engine. Circulation was powered by convection alone. Other demands include cost, weight, reliability, and durability of the cooling system itself.
A representative pressure–volume diagram for a refrigeration cycle. Vapour-compression refrigeration or vapor-compression refrigeration system (VCRS), [1] in which the refrigerant undergoes phase changes, is one of the many refrigeration cycles and is the most widely used method for air conditioning of buildings and automobiles.