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Price and Product-Mix Decisions Under Different Cost Systems (Paperback, 1st ed. 2018) Loot Price: R2,593
Discovery Miles 25 930
Repayment Terms: R243 pm x 12*
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Price and Product-Mix Decisions Under Different Cost Systems (Paperback, 1st ed. 2018): Philipp Plank

Price and Product-Mix Decisions Under Different Cost Systems (Paperback, 1st ed. 2018)

Philipp Plank

Series: Quantitatives Controlling

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Loot Price R2,593 Discovery Miles 25 930 | Repayment Terms: R243 pm x 12*

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Philipp Plank analyses the question, what drives the quality of cost-systems and is the quality of cost-systems directly and at best positively related to the firms' performance. In other words, is it worth investing in complex cost allocation systems or are there environmental and/or production settings in which less enhanced systems perform adequately. Using simulations, a benchmark firm (first-best solution) perfectly allocating cost to products is compared to firms implementing heuristic cost-allocation schemes (second-best solution) to identify the profit gap resulting from decisions based on limited information. Into this discussion, the idea of cost-stickiness is integrated, thereby indicating a new planning approach.

General

Imprint: Springer Gabler
Country of origin: Germany
Series: Quantitatives Controlling
Release date: September 2017
First published: 2018
Authors: Philipp Plank
Dimensions: 210 x 148mm (L x W)
Format: Paperback
Pages: 132
Edition: 1st ed. 2018
ISBN-13: 978-3-658-19320-1
Categories: Books > Business & Economics > Finance & accounting > Accounting > Cost accounting
Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management
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LSN: 3-658-19320-4
Barcode: 9783658193201

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