PPT-Unit-1 COST FUNCTION

Money Cost Real Cost Explicit Cost Implicit Cost Sunk Cost Opportunity Cost Private Cost Social Cost Cost Functions and its Properties Shift in Cost Curves LongRun versus ShortRun Cost Curves the relationship between short run and long. Spring 2011. Dr. Gary Gaukler. Inventory Control. Deterministic inventory control. Stochastic inventory control. MRP / Lot sizing / JIT. Supply chain management. Reasons for Holding Inventories. Relevant Costs. ,. . Martin Reuter. ,. Mert R. Sabuncu. , . Bruce Fischl. Martinos Center for Biomedical Imaging. ,. Massachusetts General Hospital. ,. Harvard Medical School. Department of Electrical Engineering and Computer Science. O. utput . C. osting. SEMESTER--1. INTRODUCTION. This is a method of calculating cost of production. Generally this method is used in such industries where :. The production is continuous,. The units of output are homogenous,. Spring 2011. Dr. Gary Gaukler. Demand Uncertainty. How do we come up with our random variable of demand?. Recall naïve method:. Demand Uncertainty. Demand Uncertainty and Forecasting. Using the standard deviation of forecast error:. Readings. Chapter 3. Linear Programming: Sensitivity Analysis and Interpretation of Solution. Overview. Overview. Overview. Proportion Constraints. . restrict the size of one decision variable as a proportion of another. For example, . Chapter 18. PowerPoint Editor:. Beth Kane, MBA, CPA. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Int. Math 2. Vocabulary. Linear, non-linear, increasing, decreasing, rate of change, growth rate, domain, range, continuous, discontinuous, discrete, relation, function, inverse function, inverse . of a . Issues. Converting a measurement from one unit to another. E.g. tablespoon to . cup. Different measurement . systems, . e. .g. . . American, . Metric, . British, Imperial, and etc.. History. C. ustomary units of measure (regional). Issues. Converting a measurement from one unit to another. E.g. tablespoon to . cup. Different measurement . systems, . e. .g. . . American, . Metric, . British, Imperial, and etc.. History. C. ustomary units of measure (regional). Issues. Converting a measurement from one unit to another. E.g. tablespoon to . cup. Different measurement . systems, . e. .g. . . American, . Metric, . British, Imperial, and etc.. History. C. ustomary units of measure (regional). Learning Objectives. Explain the purpose of cost-volume-profit (CVP) analysis. Explain the contribution margin (CM) concept. Compute the break-even (BE) point by using graph, equation, and contribution margin methods. Main Ideas. The . production function . is a graph or figure that shows how a change in one production variable affects total output.. Production can be analyzed in terms of . short-run or long-run relationships between inputs and outputs.. Unit costing is a method of costing based on units of production. It is also known as ‘output’ or ‘single’ costing. The . o. utput is measured in convenient physical units. It is a simple method of costing employed in industries where the production is continuous, uniform . ?. December 12, 2018. Mae Rupert. Branch Chief, Division of Metropolitan HIV/AIDS Program. HIV/AIDS Bureau (HAB). Health Resources and Services Administration (HRSA). . Unit . Cost Institute 201 – Is it Allowable, Allocable, and Reasonable?.