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Price and Product-Mix Decisions Under Different Cost Systems

Philipp Plank

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English
Springer Gabler
08 September 2017
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:  
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:  
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.

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