In thermal systems design projects various cost estimation methods can be followed depending on the nature of the project. Discuss at least four costing methods that can be applied in the thermal systems design and compare the strength and weakness of each method.

Principles of Heat Transfer (Activate Learning with these NEW titles from Engineering!)
8th Edition
ISBN:9781305387102
Author:Kreith, Frank; Manglik, Raj M.
Publisher:Kreith, Frank; Manglik, Raj M.
Chapter1: Basic Modes Of Heat Transfer
Section: Chapter Questions
Problem 1.15P: 1.15 A thermocouple (0.8-mm-diameter wire) used to measure the temperature of the quiescent gas in a...
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(a) In thermal systems design projects various cost estimation methods can be followed depending on the nature of the project. Discuss at least four costing methods that can be applied in the thermal systems design and compare the strength and weakness of each method. (minimum 250 words). 

(b) Which method of costing do you think is appropriate for your thermal system design project? Discuss your justifications why you prefer the particular cost estimation method. 

(c) In the design process of air conditioning systems discuss the key steps you should carry out before production and installation of the system. 

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