Cost

 

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore.  In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.  In this case, money is the input that is gone in order to acquire the thing.  This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production.

 

More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision.  Hence cost is the metric used in the standard modeling paradigm applied to economic processes.  Costs are often further described based on their timing or their applicability.

 

When developing a business plan for a new or existing company, product, or project, planners typically make Cost Estimates in order to assess whether revenues/benefits will cover costs (see cost-benefit analysis).  This is done in both business and government.  Costs are often underestimated, resulting in cost overrun during execution.  Cost-plus pricing, is where the price equals cost plus a percentage of overhead or profit margin.

 

In accounting, costs are the monetary value of expenditures for supplies, services, labor, products, equipment and other items purchased for use by a business or other accounting entity. It is the amount denoted on invoices as the price and recorded in bookkeeping records as an expense or asset cost basis.

 

Opportunity Cost, also referred to as economic cost is the value of the best alternative that was not chosen in order to pursue the current endeavor—i.e., what could have been accomplished with the resources expended in the undertaking. It represents opportunities forgone.  In theoretical economics, cost used without qualification often means opportunity cost.

 

Classification of costs:  Classification of cost means, the grouping of costs according to their common characteristics. The important ways of classification of costs are:

 

· By Element: There are three elements of costing i.e. material, labor and expenses.

· By Nature or Traceability: Direct Costs and Indirect Costs. Direct Costs are Directly attributable/traceable to Cost Object. Direct costs are assigned to Cost Object. Indirect Costs are not directly attributable (traceable) to Cost Object. Indirect costs are allocated or apportioned to cost objects.

· By Functions: production, administration, selling and distribution, R&D.

· By Behavior: fixed, variable, semi-variable. Costs are classified according to their behavior in relation to change in relation to production volume within given period of time. Fixed Costs remain fixed irrespective of changes in the production volume in given period of time. Variable costs change according to volume of production. Semi-variable Costs are partly fixed and partly variable.

· By control ability: controllable, uncontrollable costs. Controllable costs are those which can be controlled or influenced by a conscious management action. Uncontrollable costs cannot be controlled or influenced by a conscious management action.

· By normality: normal costs and abnormal costs. Normal costs arise during routine day-to-day business operations. Abnormal costs arise because of any abnormal activity or event not part of routine business operations. E.g. costs arising of floods, riots, accidents etc.

· By Time: Historical Costs and Predetermined costs. Historical costs re costs incurred in the past. Predetermined costs are computed in advance on basis of factors affecting cost elements. Example: Standard Costs.

· By Decision making Costs: These costs are used for managerial decision making.

· Marginal Costs: Marginal cost is the change in the aggregate costs due to change in the volume of output by one unit.

· Differential Costs: This cost is the difference in total cost that will arise from the selection of one alternative to the other.

· Opportunity Costs: It is the value of benefit sacrificed in favor of an alternative course of action.

· Relevant Cost: The relevant cost is a cost which is relevant in various decisions of management.

· Replacement Cost: This cost is the cost at which existing items of material or fixed assets can be replaced. Thus this is the cost of replacing existing assets at present or at a future date.

· Shutdown Cost: These costs are the costs which are incurred if the operations are shut down and they will disappear if the operations are continued.

· Capacity Cost: These costs are normally fixed costs. The cost incurred by a company for providing production, administration and selling and distribution capabilities in order to perform various functions.

Other Costs:

Marginal costing (Cost-Volume-Profit Analysis and Marginal cost) 

The cost-volume-profit analysis is the systematic examination of the relationship between selling prices, sales, production volumes, costs, expenses and profits. This analysis provides very useful information for decision-making in the management of a company. For example, the analysis can be used in establishing sales prices, in the product mix selection to sell, in the decision to choose marketing strategies, and in the analysis of the impact on profits by changes in costs. In the current environment of business, a business administration must act and take decisions in a fast and accurate manner. As a result, the importance of cost-volume-profit is still increasing as time passes.

The course materials listed on this web site are copy rights © by the subject authors and publishers. They are solely intended for classroom teaching and online reference. Copy and/or redistribution of these contents are prohibited by the US copyright law.

Cost management

 

Cost management is the process by which companies control and plan the costs of doing business. Individual projects should have customized plans for this process, and companies as a whole also integrate cost management into their overall business model. There is no single accepted definition for this term, because it has such broad applications and possible strategies. When properly implemented, this process will translate into reduced costs of production for products and services, as well as increased value being delivered to the customer.

 

For a company's management to be effective overall, cost management must be an integral feature of it. It is easiest to understand this concept if it is explained in the context of a single project. For instance, before a project is started, the anticipated costs should be identified and measured. These expenses should then be approved before any purchasing occurs. During the process of completing a project, all incurred costs should be noted and kept in a record of some kind, to help ensure that the costs are controlled and kept in line with initial expectations, to the extent that this is possible.

 

Taking this approach to cost management will help a company determine whether they accurately estimated expenses at first, and will help them more closely predict expenses in the future. Any overspending can also be monitored in this way, and either eliminated in future projects or specifically approved if the expense was necessary. Cost management cannot be used in isolation; projects must be organized and tailored with this strategy in mind.

 

Starting a project with cost management in mind will help to avoid certain pitfalls that may be present otherwise. If the objectives of the project are not clearly defined at first, or are changed during the course of the project, cost over-runs will be more likely. If costs are not fully researched before the project, they may be underestimated, thereby inflating the expectation of the project's success unrealistically. Construction projects are subject to their own particular challenges; these can include constraints in the form of laws and regulations that must be planned around.

 

If the project is completely and clearly defined, this will facilitate effective management of the costs it will incur. Effective cost management strategies will help a team deliver a finished project within the allocated budget, while also making it as valuable as possible to the company. There is always the possibility of unexpected costs, but preparation in the form of cost management will likely make them much easier to deal with when they occur.

 

Related Topics

· Business Strategy

· Quality Control

· Budget Software

· Business Plan Preparation

· Project Management

· Software Cost Control

· Budget Form

· Well Control

· Cost Control Process

· Business Process Software

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost Benefit Analysis (CBA) Topics:

 

1-Cost Benefit Analysis (CBA) 4 Days Training

2-Cost Benefit Analysis Concepts and Practice

3-Cost Benefit Analysis docs

4-Applied Welfare Econ & Cost Benefit Analysis 

5-Health Care Cost

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1-Cost Benefit Analysis (CBA) 4 Days Training

1-CBA Class entrance exam

2-CBA All Steps in Summary

3-CBA Step 0

4-CBA Step 1

5-CBA Step 2

6-CBA Step 3

7-CBA Step 4

8-CBA Step 5

9-CBA Mini-case Exercises

10-CBA Step 6

11-CBA Step 7 & 8

12-CBA Case 1

13-CBA Case 2

14-CBA Day 4 Presentation

15-CBA 4 days Final Exam

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2-Cost Benefit Analysis Concepts and Practice

1-Introduction to Cost-Benefit Analysis

2-Conceptual Foundations of Cost-Benefit Analysis

3-Microeconomic Foundations of Cost-Benefit Analysis

4-Valuing Benefits and Costs in Primary Markets

5-Valuing Benefits and Costs in Secondary Markets

6-Discounting Benefits and Costs in Future Time Periods

7-Dealing with Uncertainty: and Sensitivity Analysis

8-Option Price and Option Value

9-Existence Value

10-The Social Discount Rate

11-Predicting and Monetizing Impacts

12-Experiments & Quasi Experiments

13-Estimation of Demand Curves

14- Indirect Market Methods

15-Using Surveys for Information on Costs and Benefits

16-Shadow Prices from Secondary Sources

17-Shadow Prices: Applications to Developing Countries

18-Cost-Effectiveness Analysis

19-Distributionally Weighted Cost-Benefit Analysis

20-How Accurate Is CBA?

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3-Cost Benefit Analysis docs

1-Introduction to Cost-Benefit Analysis

2-Basics of Cost Benefit Analysis

3-Supply Demand Curves

4-Expected value, Sensitivity analysis

5-Existence Value

6-Estimates via Demonstrations 

7-Market Price Impact

8-Estimates of Shadow Prices

9-Cost-Effectiveness Analysis (CEA)

10-Evaluate the Accuracy of CBA

11-Conceptual Foundations of CBA

12-Valuing Benefits and Costs

13-Discounting Future Benefit and Cost

14-Option Price

15-Social Discount Rate (SDR)

16-Valuing Policy Impacts

17-Direct Elicitation Methods

18-CBA in Developing Countries

19-Distributional Weighting in CBA

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4-Applied Welfare Econ & Cost Benefit Analysis 

1-INTRODUCTION

2-Introduction to Cost-Benefit Analysis

3-CONCEPTUAL FOUNDATIONS

4-Basics of Cost Benefit Analysis

5-Valuing Benefits and Costs in Primary Markets

6-Valuing Benefits and Costs in Primary Markets (II)

7-Valuing Benefits and Costs in Secondary Markets

8-Discounting Future Benefits and Costs 

9-Uncertainty

10-Existence Values

11-APPLIED COMPETITIVE ANALYSIS

12-DIRECT ESTIMATION OF DEMAND CURVES

13-INDIRECT ESTIMATION OF DEMAND CURVES

14-CONTINGENT VALUATION

15-Valuation of Water Resources

16-Partial equilibrium CBA

17-Why Economics? Multiple Choice

18-Efficiency

19-Social Welfare function

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5-Health Care Cost

1-2012 Health Care Cost and Utilization Report

2-Analytic Methodology for Health Care Cost and Utilization

3-Appendix Data for Health Care Cost and Utilization Report

4-Raw Data on  Health Care Cost and Utilization

5-What is health care cost?

6-U.S. Health Care System Stat

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6-Army Cost Culture Initiative

7-Predictive Analytics Symposium - 

8-Cost Management Handbook

9-“Army Cost Management and Financial Transparency”

10-Cost Risk Analysis HandBook

11-FUNDAMENTALS OF ENGINEERING - REFERENCE HANDBOOK

12-Standard Costing and Variance Analysis

13-Business Analytics for Decision-Making

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___________________________

-Cost Management and Control Topics:

 

1-COST MANAGEMENT BASICS

2-Cost Management  4 Days Training

3-Cost Management 101

4-Cost Analysis and Estimating

5-Cost Management- Accounting and Control

6-Cost Management Certificate Course (CMCC)

7-Cornerstones of cost management,  PowerPoints

8-Cornerstones of cost management - Discussion

9-Making the connection: Integrative exercise

10-Exercises - Cornerstones of cost management

11-Cost Control

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-

1-COST MANAGEMENT BASICS

1-Introduction to Cost management

2-Cost Planning

3-Cost analysis

4-Cost accounting

5-Cost Controlling

-

2-Cost Management  4 Days Training

1-Day 1: Cost Management Overview

2-Day 2: Cost Object Definition

3-Day 3: Assignment of Costs

4-Day 4: Analysis and Reporting

-

3-Cost Management 101

1-Section 1: Cost Management Overview

2-Section 2: Cost Model Components

3-Section 3: Cost Flow Methods

4-Section 4: Cost Model Build

5-Standard Costing and Variance Analysis

-

4-Cost Analysis and Estimating

1-Overview of Cost Estimating

2-Material Analysis

3-Forecasting

4-Operation Estimating

5-Cost Analysis

6-The Enterprise

7-Labor Analysis

8-Accounting Analysis

9-Estimating Methods

10-Product Estimating

11-Engineering Economy

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5-Cost Management- Accounting and Control

1-Introduction to Cost Management

2-Basic Cost Management Concepts

3-Cost Behavior

4-Activity-Based Costing

5-Product and Service Costing: Job-Order System

6-Product and Service Costing

7-Allocating Costs of Support Departments

8-Budgeting for Planning and Control

9-Standard Costing: A Functional

10-Decentralization: Responsibility Accounting

11-Strategic Cost Management

12-Activity-Based Management

13-The Balanced Scorecard

14-Quality and Environmental Cost Management

15-Productivity Measure and Control

16-Lean Accounting

17-Cost-Volume-Profit Analysis

18-Activity Resource Usage Model

19-Pricing and Profitability Analysis

20-Capital Investment

21-Inventory Management: Economic Order Quantity

-

6-Cost Management Certificate Course (CMCC)

1-Section I: Cost Management Concepts

2-Section II: General Fund Enterprise Business System

3-Section III: Using Cost Management

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7-Cornerstones of cost management, 3e by Hansen/Mowen -  PowerPoints

1-Introduction to Cost management

2-Basic cost management concepts

3-Cost Behavior

4-Activity Based Costing

5-Product and Service Costing: Job-Order System

6-Process Costing

7-Allocating Costs of Support Departments and Joint Products

8-Budgeting for Planning and control

9-Standard Costing: A Functional-Based Control Approach

10-Decentralization: Accounting, Performance Evaluation, and Pricing

11-Strategic cost management

12-Activity-Based Management

13-The Balanced Scorecard: Strategic-Based Control

14-Quality and environmental cost management

15-Lean Accounting and Productivity Measurement

16-Cost-Volume-Profit Analysis

17-Activity Resource Usage Model and Tactical Decision Making

18-Pricing and profitability analysis

19-Capital investment

20-Inventory Management: Economic Order Quantity, JIT, and Constraints

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8-Cornerstones of cost management - Discussion Questions

1-Introduction to Cost management

2-Basic cost management concepts

3-Cost Behavior

4-Activity Based Costing

5-Product and Service Costing: Job-Order System

6-Process Costing

7-Allocating Costs of Support Departments and Joint Products

8-Budgeting for Planning and control

9-Standard Costing: A Functional-Based Control Approach

10-Decentralization: Accounting, Performance Evaluation, and Pricing

11-Strategic cost management

12-Activity-Based Management

13-The Balanced Scorecard: Strategic-Based Control

14-Quality and environmental cost management

15-Lean Accounting and Productivity Measurement

16-Cost-Volume-Profit Analysis

17-Activity Resource Usage Model and Tactical Decision Making

18-Pricing and profitability analysis

19-Capital investment

20-Inventory Management: Economic Order Quantity, JIT, and Constraints

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-

10-Exercises - Cornerstones of cost management

1-Introduction to Cost management

2-Basic cost management concepts

3-Cost Behavior

4-Activity Based Costing

5-Product and Service Costing: Job-Order System

6-Process Costing

7-Allocating Costs of Support Departments and Joint Products

8-Budgeting for Planning and control

9-Standard Costing: A Functional-Based Control Approach

10-Decentralization: Accounting, Performance Evaluation, and Pricing

11-Strategic cost management

12-Activity-Based Management

13-The Balanced Scorecard: Strategic-Based Control

14-Quality and environmental cost management

15-Lean Accounting and Productivity Measurement

16-Cost-Volume-Profit Analysis

17-Activity Resource Usage Model and Tactical Decision Making

18-Pricing and profitability analysis

19-Capital investment

20-Inventory Management: Economic Order Quantity, JIT,

 

 

9-Making the connection: Integrative exercise

1-Part 1: chapters 1–4

2-Part 2: chapters 5–10

3- Part 3: chapters 11–15

4-Part 4: chapters 16–20

 

 

11-Cost Control

1-Introduction to Cost Control

2-Basic Math

3-Unit and Recipe Conversions

4-Yields

5-Recipe Costing

6-Calculating Sales Price and Food Cost

7-Beverage Control

8-Control through the Purchasing Process

9-Receiving, Storage, and Issuing Control

10-Employee Organization and Scheduling

11-Labor Management and Control

12-Revenue Prediction

13-Revenue Management

14-Income Statements and Budgets

15-A Discussion of Other Expenses

 

     ___________________

 

ENGINEERING - REFERENCE HANDBOOK

 

 MITRE - Cost FACTS Group

Special Presentations Topics:

       RM Journal - An Interview with Mort Anvari

       Influencing and Optimizing Budgets and Spending

       Army Cost Culture Initiative

       Predictive Analytics Symposium - 

       Army Cost Management and Financial Transparency

 

Economics Topics:

 

1- International Economics - Theory & Policy

2-Engineering Economy

3-MicroEconomics (Theory and Applications with Calculus)

4-PRINCIPLES OF MACROECONOMICS

5-MacroEconomics (Principles, Applications, and Tools)

6-Global Economy

7-The Economics of Sports

8-Take a Test Excel

9-Contemporary Engineering Economics

10- Business Analytics with Management Science

11- Managerial Economics & Strategy

12- Managerial Economics

 

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-

1- International Economics - Theory & Policy

Introduction

World Trade: An Overview

Labor Productivity and Comparative

Specific Factors and Income Distribution

Resources and Trade

The Standard Trade Model

External Economies of Scale

Firms in the Global Economy

The Instruments of Trade Policy

The Political Economy of Trade Policy

The Political Economy of Trade Policy

Controversies in Trade Policy

National Income Accounting and the Balance of Payments

Exchange Rates and the Foreign Exchange

Money, Interest Rates, and Exchange Rates

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Fixed Exchange Rates and Foreign Exchange Intervention

International Monetary Systems: An Historical Overview

Financial Globalization: Opportunity and Crisis

Optimum Currency Areas and the Euro

Developing Countries: Growth, Crisis, and Reform

 

1.1 International Economics - Theory & Policy - Tests

Introduction

World Trade: An Overview

Labor Productivity and Comparative

Specific Factors and Income Distribution

Resources and Trade

The Standard Trade Model

External Economies of Scale

Firms in the Global Economy

The Instruments of Trade Policy

The Political Economy of Trade Policy

The Political Economy of Trade Policy

Controversies in Trade Policy

National Income Accounting and the Balance of Payments

Exchange Rates and the Foreign Exchange

Money, Interest Rates, and Exchange Rates

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Fixed Exchange Rates and Foreign Exchange Intervention

International Monetary Systems: An Historical Overview

Financial Globalization: Opportunity and Crisis

Optimum Currency Areas and the Euro

Developing Countries: Growth, Crisis, and Reform

-

2- Engineering Economy

1- Introduction to Engineering Economy

2 -Cost Concepts and Design Economics

3 -Cost Estimation Techniques

4 -The Time Value of Money

5- Evaluating a Single Project

6- Comparison and Selection Among Alternatives

7- Depreciation and Income Taxes

8- Price Changes and Exchange Rates

9- Replacement Analysis

10- Evaluating wit Benefit-Cost Ratio Method

11- Breakeven and Sensitivity Analysis

12- Probabilistic Risk Analysis

13- The Capital Budgeting Process

14- Decision Making Considering Multi-attributes

15- Solve Engineering Economy Problems w Excel

                

2.1- Engineering Economics - Examples

1- Introduction to Engineering Economy

2- Cost Concepts and Design Economics

3- Cost Estimation Techniques

4- The Time Value of Money

5- Evaluating a Single Project

6- Comparison and Selection Among Alternatives

7- Depreciation and Income Taxes

8- Price Changes and Exchange Rates

9- Replacement Analysis

10- Evaluating wit Benefit-Cost Ratio Method

11- Breakeven and Sensitivity Analysis

12- Probabilistic Risk Analysis

13- The Capital Budgeting Process

                

2.2- Engineering Economics - Images

1-Introduction to Engineering Economy

2- Cost Concepts and Design Economics

3- Cost Estimation Techniques

4- The Time Value of Money

5- Evaluating a Single Project

6- Comparison and Selection Among Alternatives

7- Depreciation and Income Taxes

8- Price Changes and Exchange Rates

9- Replacement Analysis

10- Evaluating wit Benefit-Cost Ratio Method

11- Breakeven and Sensitivity Analysis

12- Probabilistic Risk Analysis

13- The Capital Budgeting Process

14- Decision Making Considering Multi-attributes

15- Appendix A

16- Appendix C

17- Appendix D

18- Appendix E

-

-

3-MicroEconomics (Theory and Applications with Calculus)

1-MicroEconomics: Introduction

2-Supply and Demand

3-A Consumer’s Constrained Choice

4-Demand

5-Consumer Welfare and Policy Analysis

6-Firms and Production

7-Costs

8-Competitive Firms and Markets

9-Properties and Applications of the Competitive Model

10-General Equilibrium and Economic Welfare

11-Monopoly and Monopsony

12-Pricing and Advertising

13-Game Theory

14-Oligopoly and Monopolistic Competition

15-Factor Markets

16-Uncertainty

17-Property Rights, Externalities, Rivalry, and Exclusion

18-Asymmetric Information

19-Contracts and Moral Hazards

-

4-PRINCIPLES OF MACROECONOMICS

1-The Scope and Method of Economics

2-The Economic Problem: Scarcity and Choice

3-Demand, Supply, and Market Equilibrium

4-Demand and Supply Applications

5-Introduction to Macroeconomics

6-Measuring National Output and National Income

7-Unemployment, Inflation, and Long-Run Growth

8-Aggregate Expenditure and Equilibrium Output

9-The Government and Fiscal Policy

10-The Money Supply and the Federal Reserve System

11-Money Demand and the Equilibrium Interest Rate

12-Aggregate Demand in the Goods and Money Markets

13-Aggregate Supply and the Equilibrium Price Level

14-The Labor Market In the Macroeconomics

15-Financial Crises, Stabilization, and Deficits

16-Household and Firm Behavior in the Macroeconomics: A Further Look

17-Long-Run growth

18-Alternative Views in Macroeconomics

19-International Trade, Comparative Advantage, and Protectionism

20- Macroeconomics: The Balance of Payments and Exchange Rates

21-Economic Growth in Developing and Transitional Economies

-

5-MacroEconomics (Principles, Applications, and Tools)

1-Introduction: What Is Economics?

2-The Key Principles of Economics

3-Exchange and Markets

4-Demand, Supply, and Market Equilibrium

5-Measuring Nation's Production and Income

6-Unemployment and Inflation

7-The Economy at Full Employment

8-Why Economies Grow?

9-Aggregate Demand and Aggregate Supply

10-Fiscal Policy

11-The Income-Expenditure Model

12-Investment and Financial Markets

13-Money and Banking System

14-Federal Reserve and Monetary Policy

15-Modern Macro Economics: From Short Run to Long Run

16-The Dynamics of Inflation and Unemployment

17-Macroeconomic Policy Debates

18-International Trade and Public Policy

19-The World of International Finance

-

6-Global Economy

1-Introduction to International Macroeconomics

2-Measuring National Output

3-Monitoring Labor Market Conditions

4-Inflation, GDP, and Business Cycles

5-Who Wins, and Who Loses?

6-Measuring Money

7-Financial Intermediaries and Money Creation

8-Who Controls the Money Supply and How?

9-Interest Rates and Why They Change

10-Price and Output Fluctuations

11-Fiscal Policy and Automatic Stabilizers

12-Basics of Foreign Exchange Markets

13-Exchange Rates: Why Do They Change?

14-Balance of Payments Fundamentals

15-Putting It All Together

16-Economic Shocks to Nations

17-Shocks to Nations with Fixed Exchange Rates

18-Long-Term Growth and Inflation

19-Long-Term Exchange Rate Movements

20-Demystifying International Macroeconomics

-

7-The Economics of Sports

1-Economics and Sports

2-Review of the Economist's Arsenal

3-Sports Franchises as Profit-Maximizing Firms

4-Monopoly and Antitrust

5-Competitive Balance

6-The Public Finance of Sports: Who Benefits and How?

7-The Public Finance of Sports:  Who Pays and Why?

8-An Introduction to Labor Markets in Professional Sports

9-Labor Market Imperfections

10-Discrimination

11-The Economics of Amateurism and College Sports

-

8-Take a Test Excel

1-DEMAND FUNCTIONS

2-SUPPLY FUNCTIONS

3-EQUILIBRIUM PRICES

4-LABOR MARKETS

5-ELASTICITY OF DEMAND

6-CONSUMER & PRODUCER SURPLUS

7-TAXES AND WELFARE

8-MARGINAL COSTS

9-PROFIT MAXIMIZATION

10-UTILITY MAXIMIZATION

11-MORE UTILITY MAXIMIZATION

12-DEMAND CURVES AND INCOME

13-DISCOUNTED PRESENT VALUE

14-INTERNAL RATE OF RETURN

-

 

9-Contemporary Engineering Economics

-01_Engineering Economic Decisions.pptx

 02_Accounting and Financial Decisions.pptx

 03_Financial Ratio Analysis.pptx

 04_Time Value of Money.pptx

 05_ Economic Equivalence.pptx

 06_Single-Cash-Flow Formulas.pptx

 07_Equal-Payment -Series.pptx

 08_Gradient Series.pptx

 09_Unconventional Equivalence Calculations.pptx

 10_Nominal and Effective Interest Rates.pptx

 11_Equivalence Analysis using Effective Interest Rates.pptx

 12_Equivalence Calculations with Continuous Payment.pptx

 13_Debt Management.pptx

 14_Investing in Financial Assets.pptx

 15_Payback Period.pptx

 16_Discounted Cash Flow Analysis.pptx

 17_Variations in PW.pptx

 18_Mutually Exclusive Projects.pptx

 19_Annual Worth Criterion.pptx

 20_Applying Annual Worth.pptx

 21_Life Cycle Cost Analysis.pptx

 22_Design Economics.pptx

 23_Rate of return.pptx

 24_Methods of Finding ROR.pptx

 25_Internal Rate of Return Criterion.pptx

 26_Incremental Analysis.pptx

 27_Classification of costs.pptx

 28_Cost Volume Profit Analysis.pptx

 29_Profit from Operation.pptx

 30_Asset Depreciation.pptx

 31_Depreciation Methods.pptx

 32_Corporate Income Taxes.pptx

 33_Process of Developing Project Cash Flows.pptx

 34_Generalized Cash Flow Approach.pptx

 35_Meaning and Measure of Inflation.pptx

 36_Equivalence Calculations under Inflation.pptx

 37_Effects of Inflation on Project Cash Flows.pptx

 38_Methods of Describing Project Risk.pptx

 39_Probabilistic Cash Flow Analysis.pptx

 40_Risk Simulation.pptx

 41_Decision-Tree Analysis.pptx

 42_Basics of Financial Options.pptx

 43_Option Pricing.pptx

 44_Real Options Analysis.pptx

 45_Estimating Project Volatility.pptx

 46_Replacement Fundamentals.pptx

 47_Replacement Decisions.pptx

 48_Replacement Analysis with Tax Consideration.pptx

 49_Methods of Financing.pptx

 51_Choice of MARR and Capital Budgeting.pptx

 52_Economic Analysis in the Service Sector.pptx

 53_Benefit-Cost Ratio.pptx

  55_Cost-Benefit Analysis in the Healthcare Sector.pptx

 

10 - Business Analytics with Management Science

1- Business Analytics with Management Science

2- Introduction to Linear Programming

3- Business Analytics with Linear Programming

4- Business Analytics with Nonlinear Programming

5- Business Analytics with Goal Programming

6- Business Analytics with Integer Programming

7- Business Analytics with Shipment Models

8- Marketing Analytics with Linear Programming

9- Marketing Analytics with Multiple Goals

10- Business Analytics with Simulation

11- EXCEL TOOLS FOR THE MANAGEMENT SCIENTIST

12- A BRIEF TOUR OF SOLVER

         

10.1 - Business Analytics with Management Science

ch1_P3ironsetsproduction.xlsx

Ch2_PoliCom.xlsx

Ch2_RollsBakery.xlsx

ch3_P1chairproduction.xlsx

ch3_P5frozenfood.xlsx

ch3_P7cosmetics.xlsx

ch3_PaintPrimer.xlsx

ch4_Furniture.xlsx

ch4_P3PaintPrimer.xlsx

ch4_P4toys.xlsx

ch4_P5appliances.xlsx

ch4_P6ironsetsproduction.xlsx

ch4_Portfolio.xlsx

ch5_Bakery.xlsx

ch5_Furniture.xlsx

ch5_P3Chairproduction.xlsx

ch5_P4PaintPrimer.xlsx

ch5_P5toys.xlsx

ch6_Assignment.xlsx

ch6_Bakery_goalP.xlsx

ch6_BakeryGoalP.xlsx

ch6_Furniture.xlsx

ch6_P3animalshelter.xlsx

ch6_P5toys.xlsx

ch6_P6Chair_Table.xlsx

ch6_P7ironsetsproduction.xlsx

ch6_Rolls_Bakery.xlsx

ch7_transportation_transshipment.xlsx

ch8_OCR_RFM.xlsx

ch8_P1restaurant.xlsx

ch8_P3shoes.xlsx

ch8_P5decorations.xlsx

ch8_P7resort.xlsx

ch8_RFM_with_LP_single_dimension.xlsx

ch9_RFM_GP.xlsx

ch9_RFM_LP_three_dimensions.xlsx

ch9_RFM_LP_two_dimensions.xlsx

ch10_blood_collection.xlsx

 

 

11- Managerial Economics & Strategy

Introduction

Supply and Demand

Empirical Methods for Demand Analysis

Consumer Choice

Production

Costs

Firm Organization and Market Structure

Competitive Firms and Markets

Monopoly

Pricing with Market Power

Oligopoly and Monopolistic Competition

Game Theory and Business Strategy

Strategies over Time

Managerial Decision Making Under Uncertainty

Asymmetric Information

Government and Business

Global Business

 

 

12- Managerial Economics

Introduction

The Firm and Its Goals

Supply and Demand

Demand Elasticity

Demand Estimation and Forecasting

The Theory and Estimation of Production

The Theory and Estimation of Cost

Pricing Decisions: Perfect Competition and Monopoly

Pricing Decisions: Monopolistic Competition an Oligopoly

Special Pricing Policies

Game Theory and Asymmetric Information

Capital Budgeting and Risk

The Multinational Corporation and Globalization

Government and Industry

The Global Soft Drink Industry:  A Case Study