Decision Making Techniques |Pricing|Costing|ACCA|CIMA|F5|

Study with award winning and rank holder faculties.

Last updated 4/2020

English

What you'll learn

1 section • 8 lectures • 1h 56m total length

CVP Analysis - Calculations11:29
CVP Analysis - Graphs10:57
Production Planning with Limiting Factor17:17
Factors Affecting Price and Demand12:57
Elasticity of Demand, Demand Equation and MR MC Approach16:40
Pricing Strategies9:08
EV, Maximax, Maximin and Minimax Regret - Risk and Uncertainty20:38
Evaluate risk and uncertainty through decision techniques like expected value, maximax, maximin, and minimax regret to choose production levels under different economic states.
Decision Trees and Value of Information17:37
Explore how decision trees quantify risk with the value of perfect and imperfect information, using probability-weighted outcomes and rollback analysis to choose optimal decisions.

In this course, we will be talking about:

Basics of cost, volume, profit and sales and different formulas to calculate production volume for break even, target profit, etc.
Understanding and plotting cost, profit, sales on graphs based on production volume and identifying break even, margin of safety, etc
Solving production problems with limiting factor through linear equations and graphical approaches.
How different factors affect price and demand.
Sensitivity of relationship between price and demand, using the demand equation and MR MC approach to calculate profit maximization level of output.
Different pricing strategies and their application.
Understanding characteristics of relevant costs and how to calculate relevant cost of material and labour.
Quantitative analysis of further processing decisions and shutdown decisions.
Different decision rules for different risk appetites under different conditions.
Decision trees, rollback analysis and how to calculate value of perfect and imperfect information.