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This book is on various advanced, simple, and novel techniques being used and developed in the area of manufacturing processes. Manufacturing sector is one of the important areas which help to improve the economy of our nation. It not only generates employment opportunities but also makes us self-reliant (aatma nirbhar). In line with this important agenda of Government of India, this track envisages high-quality research contributions in the field of low-cost manufacturing technologies. It comprises the research and development studies on the various factors that influence the cost of manufacturing of product or system. The factors are materials, manufacturing processes, material handling processes, skilled manpower, quality control technologies, effective communication, and use of artificial intelligence techniques. The papers are on both numerical and experimental research works related to these aspects.

This book puts the commoditization phenomenon under the microscope, laying out an economic analysis, followed by solutions and strategic recommendations. Using concrete examples this book will help to change businesses approach by acting not only on the economic analysis presented, but also on the diagnosis of commoditization and the recommendations for creation of customer value. The common thread throughout this approach is the obsession with customer satisfaction, the search for a fair balance between the long and short term, and the will to reinvent business models by harnessing innovation.

Changes in production processes reflect the technological advances permeat­ ing our products and services. U. S. industry is modernizing and automating. In parallel, direct labor is fading as the primary cost driver while engineering and technology related cost elements loom ever larger. Traditional, labor-based ap­ proaches to estimating costs are losing their relevance. Old methods require aug­ mentation with new estimating tools and techniques that capture the emerging environment. This volume represents one of many responses to this challenge by the cost analysis profession. The Institute of Cost Analysis (lCA) is dedicated to improving the effective­ ness of cost and price analysis and enhancing the professional competence of its members. We encourage and promote exchange of research findings and appli­ cations between the academic community and cost professionals in industry and government. The 1990 National Meeting in Los Angeles, jointly spo~sored by ICA and the National Estimating Society (NES), provides such a forum. Presen­ tations will focus on new and improved tools and techniques of cost analysis. This volume is the second in a series. The first was produced in conjunction with the 1989 National Meeting of ICA/NES in Washington, D.C. The articles in this volume, all refereed, were selected from about 100 submitted for presen­ tation at the Los Angeles meeting.

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