Price and Product-Mix Decisions Under Different Cost Systems
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
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Philipp Plank
Price and ProductMix Decisions Under Different Cost Systems
Quantitatives Controlling Edited by C. Homburg, Köln, Germany
The series serves as a panel for outstanding research in the field of accounting. The underlying concept of accounting goes beyond the scope of traditional corporate accounting including, for instance, aspects of behavior control. The series focuses on quantitative analyses of current topics in management and financial accounting and considers both analytical and empirical research designs. Edited by Carsten Homburg Universität zu Köln
More information about this series at http://www.springer.com/series/12419
Philipp Plank
Price and ProductMix Decisions Under Different Cost Systems With a foreword by Prof. Dr. Carsten Homburg
Philipp Plank Köln, Germany Dissertation Universität zu Köln, 2016
Quantitatives Controlling ISBN 978-3-658-19320-1 ISBN 978-3-658-19321-8 (eBook) DOI 10.1007/978-3-658-19321-8 Library of Congress Control Number: 2017952697 Springer Gabler © Springer Fachmedien Wiesbaden GmbH 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer Gabler imprint is published by Springer Nature The registered company is Springer Fachmedien Wiesbaden GmbH The registered company address is: Abraham-Lincoln-Str. 46, 65189 Wiesbaden, Germany
Foreword This dissertation addresses the product-mix and pricing decision problem, based upon full cost information. The focus lies on the performance of costbased decisions compared to a first-best-model, optimally solving the underlying problem and serving as a benchmark. Essentially, by using a simulation approach, it is examined if cost-systems that are more precise lead to better decisions. It can be shown that those systems usually outperform simple cost systems. This effect is even more pronounced in growing markets. In addition,
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