Price and Product-Mix Decisions Under Different Cost Systems PDF
by Philipp Plank
Part of the Quantitatives Controlling series
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Description
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.
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- Format:PDF
- Publisher:Springer Fachmedien Wiesbaden
- Publication Date:29/08/2017
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- ISBN:9783658193218
Information
-
Download Now
- Format:PDF
- Publisher:Springer Fachmedien Wiesbaden
- Publication Date:29/08/2017
- Category:
- ISBN:9783658193218
