Abstract: It is well known that the competitiveness of industrial products is mostly based on cost, quality and innovation. The worldwide competition has demonstrated that it is not important how good the project is, if the product couldn't be designed and manufactured in a short time, with competitive cost and adequate quality. Therefore, the design must be made not only according to the requirements and technical specifications of the product, but also using innovative manufacturing processes with a maximum economic efficiency. The production cost is the factor with major influence on the market and its decrease is the key for companies to survive overall in the world. The lecture presents the cost estimation methods and a software tool used for manufacturing time calculation and cost evaluation for industrial products with high level of customization manufactured by chip removing processes and cold forming processes.

Brief Biography of the Speaker:
Gheorghe Oancea was born in Romania on 11th April 1966. His university education was finished with a diploma degree in Manufacturing Engineering at Transilvania University of Brasov, Romania in 1990. He obtained the PhD degree in Manufacturing Engineering field at the same university in 1997, and he became PhD advisor in 2009. Since 2003, he is full professor at Manufacturing Engineering Department, Transilvania University of Brasov. He is currently involved in undergraduate and postgraduate teaching in the area of CAD/CAPP/CAM Systems.
Professor Gheorghe Oancea has authored and co-authored of 12 books and more than 100 scientific publications. He actively participates in numerous conferences with papers as well as chairman, co-chairman and member of the International Scientific Committee. He also is reviewer for conferences and journals. His current research topics are: CAD/CAPP/CAM Systems, Cost Evaluation and Manufacturing Engineering.