Author: Philipp Plank Full Title: Price And Product-Mix Decisions Under Different Cost Systems Publisher: Springer Gabler; 1st ed. 2018 edition (August 29, 2017) Year: 2018 ISBN-13: 9783658193218 (978-3-658-19321-8), 9783658193201 (978-3-658-19320-1) ISBN-10: 3658193212, 3658193204 Pages: 132 Language: English Genre: Accounting/Auditing File type: PDF (True) Quality: 10/10 Price: 52.39 € 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. ------------- Our members see more. Join us!