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Life-Cycle Costing: Using Activity-Based Costing, Uncertainty and Risk Management, and Monte Carlo Methods |
| Jan Emblemsvag |
| Manage costs before they occur "Traditional cost cutting has always had a backward focus and created lots of negative reactionsboth 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 authors strong sidebesides having a good holistic conceptis 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 bookand 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!" John-Erik Stenberg Considium Consulting Group AS
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