Discusses forecasting expenditure in detail. Provides analysis of
reduction and increase in the forecasting expenditure. Highlights
advanced concepts including 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.
General
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