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

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
LSN:	3-658-19320-4
Barcode:	9783658193201

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