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.