FEATURES
- Discusses forecasting expenditure in detail
- Provides an analysis of reduction and increase in forecasting expenditures
- Highlights advanced concepts that include procurement inventory, production planning, and priority planning in detail
- Examines an approach in relation to the inclusion of an explicit cost of forecasting
- Covers total cost formulation, modified total cost, relevant index, threshold value, and cost of forecasting in a comprehensive manner with the help of examples
Inventory Planning with Forecasting Expenditure is useful for undergraduate and postgraduate students in engineering and management and has potential for elective and supplementary core courses.
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