Input-exogenous variables, Managerial Accounting

Input or exogenous variables

These are variables of two types:

1) Controlled variables:

These are variables that can be controlled by management. By changing the input values of the controlled values, and observing the change in the output answers is the main activity of simulation. E.g. rearrange level and rearrange quantity.

2) Non-Controlled Variables:

These are the input variables that are not under management control. Usually these are probabilistic or stochastic variables. E.g. in pdn simulation the no. of breakdowns, in inventory-demand and lead-time.

Posted Date: 12/6/2012 7:49:15 AM | Location : United States







Related Discussions:- Input-exogenous variables, Assignment Help, Ask Question on Input-exogenous variables, Get Answer, Expert's Help, Input-exogenous variables Discussions

Write discussion on Input-exogenous variables
Your posts are moderated
Related Questions
Bulk Agency Factoring : In this category factoring is essentially used as a method of financing book debts. In this sort of factoring the client continues to administer credit a

International transfer pricing Transfer pricing is a perennial issue, within the international tax community (Richard Casna, Accounting and Business, in the year February 1988)

#question1-50..

Budgetary control According to CIMA the establishment of budgets relating the responsibilities of executive to the requirement of a policy and the continuous comparison of achi

question 3.5A Trial balance sheet,income statement, owner''s equity and balance sheet

opening stock 19000 closing stock 21000 sales 200000 gross profit 25% on sales calculate stock turnover ratio

Terms of payment vary broadly in practice. At one conclusion, if the seller has financial resources, she or he may extend liberal credit to the buyers, conversely the buyer pays in

Computing equivalents units and assigning costs to completed units and ending work in process; no beginning inventory or cost transferred in (30 -45min) Sue Electronics makes CD p

#queComputing equivalents units and assigning costs to completed units and ending work in process; no beginning inventory or cost transferred in (30 -45min) Sue Electronics makes

Outline Five characteristics of relevant cost