Explainer Series

MEASURING UNIVERSITY COSTS: SOLVING THE JOINT AND COMMON COST PROBLEM

The joint and common cost problem arises where there are two or more outputs that arise from costs that are shared in the production of these outputs.
In many situations, the ability to assign costs to these two or more outputs is not complex. But there are instances where it is highly complex. In these situations, there is a need to use advanced analytics to provide a valid and reliable estimate of costs.

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