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Building Models to Control Costs

In: Financial Models and Simulation

Author

Listed:
  • Dimitris N. Chorafas

Abstract

Chapter 6 has explained why the control of costs is so important, a fact easily dramatized through the disappearance of companies unable or unwilling to control their costs. No matter their exact nature or to which category they belong, the notion of costs both precedes and underpins any budgetary process. All expenditures should be subjected to rigorous analysis, answering the questions: What? How Much? and Why?

Suggested Citation

  • Dimitris N. Chorafas, 1995. "Building Models to Control Costs," Palgrave Macmillan Books, in: Financial Models and Simulation, chapter 7, pages 132-151, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37483-6_7
    DOI: 10.1057/9780230374836_7
    as

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