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Life-cycle costing : Using activity-based costing and Monte Carlo methods to manage future costs and
Manage costs before they occur "Traditional cost cutting has always had a backward focus and created lots of negative reactions-both 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 author's strong side-besides having a good holistic concept-is the ability to express himself accurately and clearly on very complicated and sophisticated theory. Managers, consultants, and others with interest…
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