Value Added Decision Making For Managers
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Value Added Decision Making For Managers
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Author : Kenneth Chelst
language : en
Publisher: CRC Press
Release Date : 2011-10-05
Value Added Decision Making For Managers written by Kenneth Chelst and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-05 with Business & Economics categories.
Developed from the authors’ longstanding course on decision and risk analysis, Value-Added Decision Making for Managers explores the important interaction between decisions and management action and clarifies the barriers to rational decision making. The authors analyze strengths and weaknesses of the best alternatives, enabling decision makers to improve on these alternatives by adding value and reducing risk. The core of the text addresses decisions that involve selecting the best alternative from diverse choices. The decisions include buying a car, picking a supplier or home contractor, selecting a technology, picking a location for a manufacturing plant or sports stadium, hiring an employee or selecting among job offers, deciding on the size of a sales force, making a late design change, and sourcing to emerging markets. The book also covers more complex decisions arising in negotiations, strategy, and ethics that involve multiple dimensions simultaneously. Numerous activities interspersed throughout the text highlight real-world situations, helping readers see how the concepts presented can be used in their own work environment or personal life. Each chapter also includes discussion questions and references. Web Resource The book’s website at http://ise.wayne.edu/research/decision.php offers tutorials of Logical Decisions software for multi-objective decisions and Precision Tree software for probabilistic decisions. Directions for downloading student versions of the DecisionTools Suite and Logical Decisions software can be found in the appendices. Password-protected PowerPoint presentations for each chapter and solutions to all of the numeric examples are available for instructors.
Value Added Decision Making For Managers
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Author : Kenneth Chelst
language : en
Publisher: CRC Press
Release Date : 2011-10-05
Value Added Decision Making For Managers written by Kenneth Chelst and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-05 with Business & Economics categories.
Developed from the authors' longstanding course on decision and risk analysis, Value-Added Decision Making for Managers explores the important interaction between decisions and management action and clarifies the barriers to rational decision making. The authors analyze strengths and weaknesses of the best alternatives, enabling decision makers to
Guidebook For Supporting Decision Making Under Uncertainties
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Author : Ettore Piccirillo
language : en
Publisher: World Scientific
Release Date : 2008
Guidebook For Supporting Decision Making Under Uncertainties written by Ettore Piccirillo and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
This book provides much-needed guidance in making sound business decisions for the business leader or decision maker, especially investment appraisal practitioners such as strategic planners, business analysts, financial partners, and supply chain experts. By OC supply chainOCO, the authors mean the network of retailers, distributors, transporters, storage facilities and suppliers that participate in the sale, delivery and production of a particular product. The book begins with an introduction to the concept of decision making under uncertainty and the forces driving the business. A gap in the current knowledge is then discovered as it arises from an analysis of the profitability indicators that are currently being used. With hands-on experience in decision making within the supply chain environment, and coupled with leading-edge mathematical and business formulations, the authors propose how to enrich quantitative and qualitative decision-making measures. This further leads to a decision-making framework and process, supported by a ready-to-use tool (PADOVA). Sample Chapter(s). Chapter 1: Decision Under Uncertainty (163 KB). Contents: Decision Under Uncertainty; Critical Review of Accounting Performance Measures; Critical Review of Strategic Criteria; A Way Forward: Quantitative Decision Making Measures; A Way Forward: Qualitative Decision Making Measures; The Framework. Readership: Investment appraisal practitioners such as strategic planners, business analysts, financial partners, and supply chain experts alike; graduate-level students in business administration or operations management."
Management Accounting For Decision Makers
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Author : Peter Atrill
language : en
Publisher: Pearson Education
Release Date : 2009
Management Accounting For Decision Makers written by Peter Atrill and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
This introductory text covers the basic principles and underlying concepts with a strong practical emphasis and plenty of examples taken from the real world as well as numerical examples with step-by-step explanations.
Throughput Economics
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Author : Eli Schragenheim
language : en
Publisher: CRC Press
Release Date : 2019-06-11
Throughput Economics written by Eli Schragenheim and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-11 with Business & Economics categories.
"Schragenheim, Camp and Surace, three leaders of TOC community, are tackling one of value destroyers of corporations—the misuse and abuse of traditional cost accounting. This book develops a practical methodology for better decision making by looking at the impact of certain types of decisions on a company’s bottom line. This well-defined methodology allows mid-managers, higher level managers and financial staff to create real value by concentrating on what truly matters." Boaz Ronen, Professor Emeritus, Coller School of Management, Tel Aviv University, Tel Aviv, Israel "Throughput Economics is a must read for entrepreneurs and managers who want to make their organizations more and more antifragile." Andrea Zattoni, CEO of Antifragility, Italy "Management accounting is a dry topic. Throughput Economics is not—managers can learn a lot they can apply to their company from it." Rudolf Burkhart, Business Development Director, Vistem Gmbh, Germany Throughput Economics challenges the current thinking of how to evaluate cost, risks and rewards of any deal or any other new market opportunity being considered, especially the practice of calculating cost-per-unit. Instead, this book offers a process that directly answers the critical question: If we accept the proposed decision, will the performance of the organization improve? The process involves the intuition of the key people in the organization, together with the relevant data, to come up with the best available information from which to form a reasonable range of net profit, when the considered decision is added on top of all the other activities undertaken by the organization. The process is explained and demonstrated using a variety of cases where the organization faces a new non-trivial idea, along with a detailed explanation of how it should work, including software support that provides very quick response to many what-if suggestions. This book offers a new and well-defined process, applicable to every organization, that considers both financial impacts and capacity limitations and, also, includes the impact of uncertainty by providing the range of reasonable results rather than one number, which is always proven wrong in the end. Overall, the book provides a holistic method for simplified decision making in seemingly complex or shifting environments using a constraints mindset to facilitate companies’ realization, for the first time, their true potential.
Accounting Information Systems For Decision Making
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Author : Daniela Mancini
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-18
Accounting Information Systems For Decision Making written by Daniela Mancini and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-18 with Business & Economics categories.
This book contains a collection of research papers on accounting information systems including their strategic role in decision processes, within and between companies. An accounting system is a complex system composed of a mix of strictly interrelated elements such as data, information, human resources, IT tool, accounting models and procedures. Accounting information systems are often considered the instrument by default for accounting automation. This book aims to sketch a clear picture of the current state of AIS research, including design, acceptance and reliance, value-added decision making, interorganizational links, and process improvements. The contributions in this volume emphasize that AIS has grown into a powerful strategic tool. The book provides evidence for this observation by examining a wide range of current issues ranging from theory development in AIS to practical applications of accounting information systems. In particular it focuses on themes of growing interest in the realm of XBRL and Financial Reporting, Management Information Systems, IT/IS Audit and IT/IS Compliance. The book will be of interest to financial and managerial accountants and IT/IS practitioners, including information systems managers and consultants.
Decision Quality
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Author : Carl Spetzler
language : en
Publisher: John Wiley & Sons
Release Date : 2016-03-07
Decision Quality written by Carl Spetzler and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-07 with Business & Economics categories.
Add value with every decision using a simple yet powerful framework Few things are as valuable in business, and in life, as the ability to make good decisions. Can you imagine how much more rewarding your life and your business would be if every decision you made were the best it could be? Decision Quality empowers you to make the best possible choice and get more of what you truly want from every decision. Dr. Carl Spetzler is a leader in the field of decision science and has worked with organizations across industries to improve their decision-making capabilities. He and his co-authors, all experienced consultants and educators in this field, show you how to frame a problem or opportunity, create a set of attractive alternatives, identify relevant uncertain information, clarify the values that are important in the decision, apply tools of analysis, and develop buy-in among stakeholders. Their straightforward approach is elegantly simple, yet practical and powerful. It can be applied to all types of decisions. Our business and our personal lives are marked by a stream of decisions. Some are small. Some are large. Some are life-altering or strategic. How well we make those decisions truly matters. This book gives you a framework and thinking tools that will help you to improve the odds of getting more of what you value from every choice. You will learn: The six requirements for decision quality, and how to apply them The difference between a good decision and a good outcome Why a decision can only be as good as the best of the available alternatives Methods for making both "significant" and strategic decisions The mental traps that undermine decision quality and how to avoid them How to deal with uncertainty—a factor in every important choice How to judge the quality of a decision at the time you're making it How organizations have benefited from building quality into their decisions. Many people are satisfied with 'good enough' when making important decisions. This book provides a method that will take you and your co-workers beyond 'good enough' to true Decision Quality.
Marketing Decision Making And The Management Of Pricing
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Author : Rajagopal
language : en
Publisher: IGI Global
Release Date : 2013-05-31
Marketing Decision Making And The Management Of Pricing written by Rajagopal and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-31 with Business & Economics categories.
"This book provides the latest research studies, market analysis, and best practices utilized in emerging markets to gain competitive advantage and market leadership"--Provided by publisher.
Cornerstones Of Decision Making
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Author : Steve Player
language : en
Publisher: OakHill Press
Release Date : 1999
Cornerstones Of Decision Making written by Steve Player and has been published by OakHill Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Activitiy-based costing categories.
Competitive pressures. Globalization of business. Customer demands. Today, companies are turning to activity-based management (ABM) to meet these challenges. As the power of technology increases, companies are able to better understand and value their various activities. Using enterprise-wide ABM, organizations can improve profitability, enhance revenues, and reduce non-value-added costs. One of the fastest-growing tools in today's management arsenal, enterprise-wide ABM has become the key to reaping the full benefits of activity-based efforts. Using this powerful information management system, today's managers can analyze the costs and benefits of their diverse activities. This analysis results in a significant increase in cost efficiency. ABM helps organizations to: - Benchmark different components of the organization - Facilitate decision-making throughout the organization - Solve key strategic and operational business issues - Identify the supply chain efficiencies and total cost - Feed performance measurement systems - Determine product, customer, or channel profitability
Management Accounting
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Author : Anthony A. Atkinson
language : en
Publisher: Pearson Higher Ed
Release Date : 2011-11-21
Management Accounting written by Anthony A. Atkinson and has been published by Pearson Higher Ed this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-11-21 with Business & Economics categories.
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. An approach to management accounting from the perspective of a business manager. Management Accounting: Information for Decision-Making and Strategy Execution explains how business managers can estimate and manage the cost and profitability of their products and customers. This text also covers how managers use financial and nonfinancial information to improve processes, design and develop new products, and motivate employee performance.