Professional Certificate Course in Production and Cost Analysis and Estimation

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Duration

2 Weeks

Pedagogy

Online

Tuition Fee

MYR 280

Professional Certificate Course in Production and Cost Analysis and Estimation

The aim of the "Production and Cost Analysis and Estimation" course is to provide students with a comprehensive understanding of the production process, the cost structure of a firm, and the methods used to estimate costs and production functions.

After the successful completion of the course, you will be able to:
  • Understand the Classical Production Theory.
  • Understand the Optimum Factor of Combinations.
  • Understand the Price Elasticity of Supply.
  • Understand the Short-run and Long-run Cost Theories.
  • Understand the Break-even-analysis, Cost-Benefit analysis, Outscoring, and Cost.
  • Understand the Learning curve, Product innovation, and Process Innovation Life-Cycle Model.

Accreditation

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

Entry requirement

There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.

The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.

  • Business Analyst
  • Financial Analyst
  • Operations Manager
  • Production Planner
  • Cost Estimator
  • Supply Chain Manager
  • Management Consultant
  • Economist

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What you'll learn

Module 1

Production And Cost Analysis And Estimation

This course is an economics course that focuses on the analysis of production functions, cost functions, and the relationship between input and output. The course covers topics such as marginal cost, average total cost, and average variable cost, as well as the estimation techniques of cost functions and production functions. Students will learn about how firms make production decisions and how they can estimate and optimize their costs of production to achieve maximum profitability.

4 Lectures
1 Quiz

Testimonial

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Ang J.

This is my fist time knowing about how the market works and wow logistics , Overall for me is very hard cause I never expected myself to have completed this cou...

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Muhammad W.

MSBM is one of the best online learning platform available for students to learn and earn shareable certificate. The fees they are charging is also lower than m...

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Ahmed W.

This course was well set out, very easy to understand and highly recommended it to anyone who is wanting to up skills in this area of work. It allowed me to stu...