| Price and Product-Mix Decisions Under Different Cost Systems 2018 Edition Contributor(s): Plank, Philipp (Author) |
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ISBN: 3658193204 ISBN-13: 9783658193201 Publisher: Springer Gabler OUR PRICE: $80.74 Product Type: Paperback Published: September 2017 |
| Additional Information |
| BISAC Categories: - Business & Economics | Accounting - Managerial - Business & Economics | Accounting - Financial - Business & Economics | Production & Operations Management |
| Dewey: 657 |
| Series: Quantitatives Controlling |
| Physical Information: 0.34" H x 5.83" W x 8.27" (0.44 lbs) 132 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |
