By Edward Geoffrey Keating, Susan M. Gates
The security Finance and Accounting carrier (DFAS), created in 1991 throughout the consolidation of army service-specific accounting and finance operations, presents a number of companies to division of safeguard (DoD) shoppers, similar to payroll, invoice cost, and new release of accounting statements. studying DFAS information on expenses and workload to discover percentages for more desirable operations, the authors argue that present linear pricing of DFAS companies is irrelevant. specifically, DFAS costs neither raise nor reduce commensurate with workload. DFAS's pricing should be more advantageous through a swap to a nonlinear method, dispensing mounted expenses between consumers utilizing open-the-door move funds and charging basically incremental bills to consumers on a consistent with paintings unit foundation. any such pricing reform will require adjustments to present safety operating Capital Fund (DWCF) laws.
Read Online or Download Defense working capital fund pricing policies: insights from the Defense Finance and Accounting Service PDF
Best finance books
What occurs inside of our brains after we take into consideration funds? quite a bit, really, and a few of it isn't reliable for our monetary well-being. on your funds and Your mind, Jason Zweig explains why shrewdpermanent humans make silly monetary judgements -- and what they could do to prevent those blunders. Zweig, a veteran monetary journalist, attracts at the most recent learn in neuroeconomics, a desirable new self-discipline that mixes psychology, neuroscience, and economics to raised comprehend monetary selection making.
To spot the industrial stars of the long run we should always abandon the behavior of extrapolating from the hot earlier and lumping wildly diversified international locations jointly. we have to keep in mind that sustained financial luck is a unprecedented phenomenon. After years of fast development, the main celebrated rising markets―Brazil, Russia, India, and China―are approximately to decelerate.
How brief benefit from failures that afflict participants, markets, and international locations
The most deadly exchange serves up stories from the darkish part of the realm industry to bare how investors take advantage of the failure and, usually, the financial disaster of others. during this publication Richard Teitelbaum profiles greater than a dozen brief dealers to bare how they hire the strategies, innovations, and diverse kinds to 0 in on their goal, get the wanted financing, and notice their funding via to its final conclusion.
The brief profiled will comprise tales of either their profitable investments in addition to their disastrous ventures. The publication will research the several types, recommendations, and strategies applied, how every one brief vendor researches his or her goals, obtains financing, places on a exchange, and sees the funding via to fruition—or failure. With the charm of a well-written experience novel, the main risky alternate finds how those traders search exposure to assist force down a inventory and indicates the customarily sour and debatable battles that take place.
• contains profiles of well-know brief comparable to Jim Chanos, Steve Eisman, Manuel Ascencio, Doug Kass, and plenty of more
• observe how brief make the "puts" that lead them to billions
• discover the quick promoting controversies that make headlines
• Written via award-winning journalist Richard Teitelbaum
Discover what motivates traders who bet opposed to the inventory marketplace and the way they typically benefit from the distress of others.
A reprint of 1 of the vintage volumes on portfolio idea and funding, this ebook has been utilized by the best professors at universities similar to Stanford, Berkeley, and Carnegie-Mellon. It includes 5 elements, every one with a overview of the literature and approximately a hundred and fifty pages of computational and overview routines and extra in-depth, tough difficulties.
- Iceland and the International Financial Crisis: Boom, Bust and Recovery (International Political Economy Series)
- The Wall Street Journal. Complete Personal Finance Guidebook (The Wall Street Journal Guidebooks)
- Understanding the Mathematics of Personal Finance: An Introduction to Financial Literacy
- Markov Decision Processes with Applications to Finance (Universitext)
Extra resources for Defense working capital fund pricing policies: insights from the Defense Finance and Accounting Service
The cost/workload index we have created accounts for output mix variation by calculating the weighted average of the expected costs of each output. If actual costs equal expected costs in a particular time period, the index has a value of 1. When actual costs are less than expected costs, the index has a value less than 1. The expected cost for a particular output is the average cost of producing that output over the data's full time period for a specific entity (DFAS, a region, a center, or an OPLOC).
This research was briefed to Gary Amlin, the acting director of DFAS, on August 31, 1998. This research was presented at a RAND Logistics lunch on October 2, 1998. Also, it was briefed at the DFAS Resource Management Conference in Arlington, Virginia on November 19, 1998. An earlier version of this research was presented to a RAND Forces and Resources Policy seminar on May 7, 1998. Comments by seminar participants were most appreciated. Of course, remaining errors are the authors' responsibility.
Once these prices are established, DFAS's actual revenue is a linear function of the number of work units purchased by customers. One additional work unit increases DFAS's revenue by the prespecified price of that type of work unit. One less work unit decreases DFAS's revenue by the prespecified price of that type of work unit. Costs Unlike many governmental organizations, DFAS has a useful data set that calibrates its costs and workload over time. , the number of commercial invoices processed) for each designated financial service and location.