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.
By:
Philipp Plank Imprint: Springer Gabler Country of Publication: Germany Edition: 1st ed. 2018 Dimensions:
Height: 210mm,
Width: 148mm,
Weight: 2.155kg ISBN:9783658193201 ISBN 10: 3658193204 Series:Quantitatives Controlling Pages: 132 Publication Date:08 September 2017 Audience:
Professional and scholarly
,
Undergraduate
Format:Paperback Publisher's Status: Active
Philipp 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.