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Author: Reginald Tomas Yu-Lee
Publisher: John Wiley & Sons
ISBN: 0471047112
Category : Business & Economics
Languages : en
Pages : 239
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Book Description
GETTING TO THE BOTTOM OF THE BOTTOM LINE Traditional cost management systems typically defeat their own purpose by leading corporations to make decisions that ultimately do not optimize performance. These systems are the foundation for decisions that are made throughout the corporation. In order for organizations to increase performance beyond current capabilities, a new approach is needed that addresses issues such as understanding the true impact of various actions on the bottom line-and eliminating methods that distort numbers and narrow options. Explicit Cost Dynamics (ECD) offers such an alternative, and this expertly written, revolutionary book provides an indispensable introduction to the subject. Informative and easy-to-read, Explicit Cost Dynamics: Provides an alternative view and understanding of the impact of costs, actions, and time on the bottom line of a corporation Explains how this new theory can lead to an overall profit maximization Shows that costs can be considered as either a function of activities performed, as a function of resources expended, or of time Shows that the difference between explicit dollars flowing into and out of a company is equal to the rate of change of cash . . . and much more to help CEOs, CFOs, controllers, cost managers, financial managers, and others involved in the decision-making process improve their organizations' overall bottom lines.
Author: Reginald Tomas Yu-Lee
Publisher: John Wiley & Sons
ISBN: 0471047112
Category : Business & Economics
Languages : en
Pages : 239
Get Book Here
Book Description
GETTING TO THE BOTTOM OF THE BOTTOM LINE Traditional cost management systems typically defeat their own purpose by leading corporations to make decisions that ultimately do not optimize performance. These systems are the foundation for decisions that are made throughout the corporation. In order for organizations to increase performance beyond current capabilities, a new approach is needed that addresses issues such as understanding the true impact of various actions on the bottom line-and eliminating methods that distort numbers and narrow options. Explicit Cost Dynamics (ECD) offers such an alternative, and this expertly written, revolutionary book provides an indispensable introduction to the subject. Informative and easy-to-read, Explicit Cost Dynamics: Provides an alternative view and understanding of the impact of costs, actions, and time on the bottom line of a corporation Explains how this new theory can lead to an overall profit maximization Shows that costs can be considered as either a function of activities performed, as a function of resources expended, or of time Shows that the difference between explicit dollars flowing into and out of a company is equal to the rate of change of cash . . . and much more to help CEOs, CFOs, controllers, cost managers, financial managers, and others involved in the decision-making process improve their organizations' overall bottom lines.
Author: Reginald Tomas Lee
Publisher: Business Expert Press
ISBN: 1631570668
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
This book introduces capacity management, describes cash flow dynamics, and offers ideas about how to manage both Business leaders rely on accounting data such as profit and calculated costs as a guide to whether they are making money. Should they? Accounting was designed to report financial performance not model cash flow. Accruals can disconnect cash flow from the timing and extent to which it occurs. Statements of cash flow do not provide insight into what was bought and how efficiently it was used. Costs and profits are not absolute, they change based on the model you use to calculate them. To manage cash, you must manage what you buy and how effectively you use it. The largest expenditure for most companies is capacity; space, labor, materials, equipment, and technology. Unless you model and manage capacity effectively, you will not achieve the cash flow results you seek. This book introduces capacity management, describes cash flow dynamics, and offers ideas about how to manage both. After reading it, you be able to see, understand, and manage cash flow as never before.
Author: Reginald Tomas Lee
Publisher: Business Expert Press
ISBN: 163742423X
Category : Business & Economics
Languages : en
Pages : 550
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Book Description
Now you can own all of Reginald's books in one convenient set! Lies, Damned Lies, and Cost Accounting Business leaders rely on accounting data such as profit and calculated costs as a guide to whether they are making money. Should they? Accounting was designed to report financial performance not model cash flow. Accruals can disconnect cash flow from the timing and extent to which it occurs. Statements of cash flow do not provide insight into what was bought and how efficiently it was used. Costs and profits are not absolute, they change based on the model you use to calculate them. To manage cash, you must manage what you buy and how effectively you use it. The largest expenditure for most companies is capacity; space, labor, materials, equipment, and technology. Unless you model and manage capacity effectively, you will not achieve the cash flow results you seek. This book introduces capacity management, describes cash flow dynamics, and offers ideas about how to manage both. After reading it, you be able to see, understand, and manage cash flow as never before. Strategic Cost Transformation Your product costs $2.86 to make. What does the number tell you about your operations, how effectively they were run, demand, or how much money you spent on capacity? Nothing. Shouldn’t you know? Accounting information creates a limited picture of operations and true cash performance. Strategic Cost Transformation offers a new framework, business domain management, which creates a comprehensive picture of your organization for improved cash based decision-making. Project Profitability Consultants and internal project teams often make substantial claims about the savings opportunities resulting from their projects. Most of the time, these claims do not come true. Project Profitability explains why these opportunities are not realized and offers a framework that will guarantee your teams identify projects that align with your strategy, calculate cash savings appropriately, and realize these cash savings upon implementation. Customers of consulting organizations can use this book to keep their consultants honest when savings are promised. Consulting organizations can use this book to help document the value their solutions bring, how much of that value can be realized, and what’s necessary to achieve it. If you are a consultant, you do not want to risk having your customer know the content of this book and challenge the value promise!
Author: Shen R. Wu
Publisher: John Wiley & Sons
ISBN: 1118382072
Category : Mathematics
Languages : en
Pages : 352
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Book Description
A systematic introduction to the theories and formulations of the explicit finite element method As numerical technology continues to grow and evolve with industrial applications, understanding the explicit finite element method has become increasingly important, particularly in the areas of crashworthiness, metal forming, and impact engineering. Introduction to the Explicit Finite Element Method for Nonlinear Transient Dynamics is the first book to address specifically what is now accepted as the most successful numerical tool for nonlinear transient dynamics. The book aids readers in mastering the explicit finite element method and programming code without requiring extensive background knowledge of the general finite element. The authors present topics relating to the variational principle, numerical procedure, mechanical formulation, and fundamental achievements of the convergence theory. In addition, key topics and techniques are provided in four clearly organized sections: • Fundamentals explores a framework of the explicit finite element method for nonlinear transient dynamics and highlights achievements related to the convergence theory • Element Technology discusses four-node, three-node, eight-node, and two-node element theories • Material Models outlines models of plasticity and other nonlinear materials as well as the mechanics model of ductile damage • Contact and Constraint Conditions covers subjects related to three-dimensional surface contact, with examples solved analytically, as well as discussions on kinematic constraint conditions Throughout the book, vivid figures illustrate the ideas and key features of the explicit finite element method. Examples clearly present results, featuring both theoretical assessments and industrial applications. Introduction to the Explicit Finite Element Method for Nonlinear Transient Dynamics is an ideal book for both engineers who require more theoretical discussions and for theoreticians searching for interesting and challenging research topics. The book also serves as an excellent resource for courses on applied mathematics, applied mechanics, and numerical methods at the graduate level.
Author: David Prakash
Publisher: BoD – Books on Demand
ISBN: 3754359932
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
Digital technologies are driving the application of dynamic pricing. Today, this pricing strategy is used not only for perishable products such as flights or hotel rooms, but for almost any product or service category. With dynamic pricing, retailers frequently adjust their prices over time to respond to factors such as demand, their supply and that of competitors, or the time of sale. Additionally, dynamic pricing allows retailers to take advantage of a large share of consumers' willingness to pay while avoiding losses from unsold products. Ultimately, this can lead to an increase in revenue and profit. However, the application of dynamic pricing comes with great challenges. In addition to the technological implementation, companies have to take into account that dynamic pricing can cause complex and unintended behavioral consequences on the consumer side. The key objective of this dissertation is to provide a deeper understanding of the impact of dynamic pricing on consumer behavior. To this end, this dissertation presents insights from four perspectives. First, how reference prices as a critical component in purchase decisions are operationalized. Second, how customers search for products priced dynamically, differentiated by business and private customers, as well as by different devices used for the search. Third, whether and how dynamic pricing influences the impact of internal reference prices on purchase decisions. Finally, this dissertation demonstrates that consumers perceive price changes as personalized in different purchase contexts, leading to reduced perceptions of fairness and undesirable behavioral consequences.
Author: Putnik, Goran D.
Publisher: IGI Global
ISBN: 1599041677
Category : Business & Economics
Languages : en
Pages : 386
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Book Description
Knowledge and Technology Management in Virtual Organizations: Issues, Trends, Opportunities and Solutions presents a collection of the most recent contributions in the areas of organization, knowledge, and technology management in the context of virtual enterprises. This book contains important and in-depth information on four dimensions: semantic, managerial, technological, and social. The semantic dimensions covered in this book are ontological and organizational approaches, concepts, organizational models, and knowledge management models. In respect to managerial dimensions, this book covers process management, integration management, relationship management, process integration, knowledge management, technology integration management, and information integration. Knowledge and Technology Management in Virtual Organizations: Issues, Trends, Opportunities and Solutions presents the technological dimension by explaining the infrastructures and technologies to support technology and information integration standards and protocols. Lastly, this title highlights the social dimension, including human resources management, human resources integration, social issues, social impact, social requirements, and communities of knowledge.
Author: Alain Haurie
Publisher: Springer Science & Business Media
ISBN: 9780387246017
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
Dynamic games continue to attract strong interest from researchers interested in modelling competitive as well as conflict situations exhibiting an intertemporel aspect. Applications of dynamic games have proven to be a suitable methodology to study the behaviour of players (decision-makers) and to predict the outcome of such situations in many areas including engineering, economics, management science, military, biology and political science. Dynamic Games: Theory and Applications collects thirteen articles written by established researchers. It is an excellent reference for researchers and graduate students covering a wide range of emerging and revisited problems in both cooperative and non-cooperative games in different areas of applications, especially in economics and management science.
Author: Paolo M. Panteghini
Publisher: Springer Science & Business Media
ISBN: 3540714065
Category : Business & Economics
Languages : en
Pages : 235
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Book Description
This book analyzes the economic principles of modern corporate taxation. It is novel in two respects. First of all, it analyzes not only the effects of taxation on firms' marginal choices, but also focuses on the impact of taxation on discrete choices, such as plant location, R and D investment, and new marketing programs. The second novelty is represented by the application of option pricing techniques to corporate taxation.
Author: Management Association, Information Resources
Publisher: IGI Global
ISBN: 1615209662
Category : Business & Economics
Languages : en
Pages : 2508
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Book Description
"This work is a comprehensive, four-volume reference addressing major issues, trends, and areas for advancement in information management research, containing chapters investigating human factors in IT management, as well as IT governance, outsourcing, and diffusion"--Provided by publisher.
Author: Kisielnicki, Jerzy
Publisher: IGI Global
ISBN: 1599049562
Category : Computers
Languages : en
Pages : 1756
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Book Description
"This publication presents incompassing research of the concepts and realities involved in the field of virtual communities and technologies"--Provided by publisher.
