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This process selects the cost model type that best satisfies the customer's needs. Cost models vary based on the depth of the analysis that the customer requires. There are several categories of model types which include Traditional Cost Models (e.g. Responsibility segment/outputs), Valuation Models (e.g. Earned Value, Asset Valuation), Cost Benefit Models (e.g. Economic Order Quantity), Combinations Cost Models (e.g. Total Cost of Ownership, Deferred Maintenance), Net Costs, Revenue Models (e.g. Projections), and Economic Models. |