Search results
Results from the WOW.Com Content Network
Activity-based costing (ABC) is a costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each. Therefore, this model assigns more indirect costs into direct costs compared to conventional costing.
Cost allocation is a process of providing relief to shared service organization's cost centers that provide a product or service. In turn, the associated expense is assigned to internal clients' cost centers that consume the products and services. For example, the CIO may provide all IT services within the company and assign the costs back to ...
It is important to note that the gradually varied flow equations and associated numerical methods (including the standard step method) cannot accurately model the dynamics of a hydraulic jump. [6] See the Hydraulic jumps in rectangular channels page for more information. Below, an example problem will use conceptual models to build a surface ...
The adjacent diagram shows - as an example for the explicit and implicit Euler method - the typical behavior of these two groups of methods for this seemingly simple initial value problem: If too large a step size is used in an explicit method, this results in strongly oscillating values that build up over the course of the calculation and move ...
Criticism of the equivalence number method is justified by the fact that completely arbitrary and random keys can be chosen. For example, in the case of allocating the potable water bill in a house with only one common meter, the water consumption could be divided according to the number of occupants per apartment or the apartment's net dwelling area in m 2.
This algorithm may yield a non-optimal solution. For example, suppose there are two tasks and two agents with costs as follows: Alice: Task 1 = 1, Task 2 = 2. George: Task 1 = 5, Task 2 = 8. The greedy algorithm would assign Task 1 to Alice and Task 2 to George, for a total cost of 9; but the reverse assignment has a total cost of 7.
In this example a company should prefer product B's risk and payoffs under realistic risk preference coefficients. Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine).
Target costing is defined as "a disciplined process for determining and achieving a full-stream cost at which a proposed product with specified functionality, performance, and quality must be produced in order to generate the desired profitability at the product’s anticipated selling price over a specified period of time in the future."