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Most cost management efforts concern understanding the past but this book focuses on future costs, their uncertainties, and risks. It presents a new approach toward life cycle costing based on the principles of activity-based costing, uncertainty and risk management, and Monte Carlo methods. This book provides a how to methodology and shows readers that they can perform any type of cost management better than before if they introduce uncertainty into their models and exploit to the maximum what happens.
Author Biography
JAN EMBLEMSVÅG is a management consultant with Det Norske Veritas Consulting, where he works on cost management, risk management, and business development projects. Formerly, he was a partner with Considium Consulting Group AS. He is coauthor, with Bert A. Bras, of Activity-Based Cost and Environmental Management: A Different Approach to the ISO 14000 Compliance.
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