Life-Cycle Costing: Using Activity-Based Costing and Monte Carlo Methods to Manage Future Costs and Risks Contributor(s): Emblemsvag (Author) |
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ISBN: 0471358851 ISBN-13: 9780471358855 Publisher: John Wiley & Sons OUR PRICE: $142.50 Product Type: Hardcover - Other Formats Published: February 2003 Annotation: Manage costs before they occur "Traditional cost cutting has always had a backward focus and created lots of negative reactions-both rational and irrational. In his new book, Jan Emblemsvag introduces a new forward looking life-cycle approach to cost management. Employing foresight instead of hindsight puts the focus on processes, uncertainty and risks, and future value creation. "The author's strong side-besides having a good holistic concept-is the ability to express himself accurately and clearly on very complicated and sophisticated theory. Managers, consultants, and others with interest in cost management will be enlightened and inspired by the book-and no doubt find it of great help in applying the methods and processes that are presented. "The idea of turning uncertainty into an asset for managers is quite unique. Making budgeting less data-oriented and more risk-oriented is another good idea. The next step now is to make operative approaches and apply the theory in practical situations!" "This book skillfully combines the ideas of life-cycle costing and activity-based costing to come up with an approach to effectively manage costs in an uncertain environment." Life-Cycle Costing (LCC), a cost projection method typically associated with engineering, allows for the accurate prediction of the total costs a product will incur throughout its life-cycle. Meshing this technique with activity-based costing, risk management, and Monte Carlo analytical methods, Jan Emblemsvag offers a broad range of businesses a new, moreeffective approach to cost management in Life-Cycle Costing. By introducing uncertainty into its models, "Activity-Based LCC" offers managers the clarity of hindsight before costs are actually incurred. Among other features, Life-Cycle Costing includes:
Life-Cycle Costing provides controllers and cost managers an insider's look at the next generation of cost management techniques. |
Additional Information |
BISAC Categories: - Business & Economics | Accounting - Managerial |
Dewey: 657.42 |
LCCN: 2002014328 |
Physical Information: 1.12" H x 6.28" W x 9.5" (1.48 lbs) 336 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Everyone jokes about the 20/20 hindsight of cost management. In Life-Cycle Costing, Jan Emblemsvag proposes to do something about it. Here's a new approach to life cycle costing that brings activity-based costing, risk, and uncertainty into the forefront. You'll focus on future costs and learn how you can perform any type of cost management activity better than before by introducing uncertainty into models and exploiting them to the max. Order your copy today |