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OverviewPhilipp 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. Full Product DetailsAuthor: Philipp PlankPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer Gabler Edition: 1st ed. 2018 Weight: 2.155kg ISBN: 9783658193201ISBN 10: 3658193204 Pages: 132 Publication Date: 08 September 2017 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsAbout the adequacy of full-costing for decision making.- From cost system design to pricing and portfolio decisions.- About the adequacy of simulations in management accounting research.- A theory review of relevant simulation models in management accounting.- Price and product-mix decisions under different cost systems.- Extended decision model incorporating cost-stickiness.ReviewsAuthor InformationPhilipp Plank received his doctoral degree from the University of Cologne under the supervision of Prof. Dr. C. Homburg. He now works as a project manager und data scientist. Tab Content 6Author Website:Countries AvailableAll regions |
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