Changes in production processes reflect the technological advances permeating&nbsp;our products and services. U. S. industry is modernizing and automating. In&nbsp;parallel, direct labor is fading as the primary cost driver while engineering an&nbsp;technology related cost elements loom ever larger. Traditional, labor-based approache&nbsp;to estimating costs are losing their relevance. Old methods require augmentation&nbsp;with new estimating tools and techniques that capture the emerging&nbsp;environment. This volume represents one of many responses to this challenge&nbsp;by the cost analysis profession.
The Institute of Cost Analysis (lCA) is dedicated to improving the effectiveness&nbsp;of cost and price analysis and enhancing the professional competence of its&nbsp;members. We encourage and promote exchange of research findings and applications&nbsp;between the academic community and cost professionals in industry and&nbsp;government. The 1990 National Meeting in Los Angeles, jointly sponsored by&nbsp;ICA and the National Estimating Society (NES), provides such a forum. Presentations&nbsp;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&nbsp;with the 1989 National Meeting of ICA/NES in Washington, D.C. The articles&nbsp;in this volume, all refereed, were selected from about 100 submitted for presentation&nbsp;at the Los Angeles meeting.

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