4

YEAR

2011

VOLUME

FOUR

Management and leadership consulting Cost benefit analysis

performance metric

Science of Resource Informed Decisions

 

Subject:

Foundations of Cost Control

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Foundations of Cost Control

 

A Fundamental Approach inspires students to learn cost control as an essential skill for any future chef or foodservice manager. Students begin by mastering key culinary math basics, making subsequent cost control equations easier to understand and compute. Balancing real-world industry challenges with cost control theory, the text covers topics such as recipe costing and sales price determination, purchasing and storeroom control, labor control, revenue management, and income statements and budgeting. Throughout the text, author Daniel Traster encourages students to think critically about the material, promoting a deeper understanding of cost control.

 

1: Introduction to Cost Control

 

2: Basic Math

 

3: Unit and Recipe Conversions

 

4: Yields

 

5: Recipe Costing

 

6: Calculating Sales Price and Food Cost

 

7: Beverage Control

 

8: Control through the Purchasing Process

 

9: Receiving, Storage, and Issuing Control

 

10: Employee Organization and Scheduling

 

11: Labor Management and Control

 

12: Revenue Prediction

 

13: Revenue Management

 

14: Income Statements and Budgets

 

15: A Discussion of Other Expenses

 

Cost Analysis and Estimating

Overview of Cost Estimating

Labor Analysis

Material Analysis

Accounting Analysis

Forecasting

Estimating Methods

Operation Estimating

Product Estimating

Cost Analysis

Engineering Economy

The Enterprise

 

Multi-Criteria Decision Making

Decision Making with Uncertainty

Optimization Modeling

Simulation Modeling

Spreadsheet Modeling

Elements of a Decision Analysis

Risk and  Decision Strategies

Statistical Modeling

Simple Additive Weighting

Statistics for Business and Economics

Describing Data: Graphical

Describing Data: Numerical

Probability

Random Variable, Probability Distributions

Continuous Variables and Distributions

Sampling & Sampling Distributions

Estimation: Single Population

Estimation

Hypothesis Testing

More on Hypothesis Testing

Simple Regression

Multiple Regression

More on Regression Analysis

Analysis of Categorical Data

Analysis of Variance

Time-Series Analysis and Forecasting

Additional Topics in Sampling

Statistical Decision Theory

 

Software Cost Estimating

0

Software Cost Estimating (CLB023)

1

Define the System and Cost Drivers

2

Collect and Analyze Data

3

Select a Model

4

Develop and Test the Estimate

5

Document and Defend the Estimate